Yes Bank CFO resigns, stock recovers from Tuesday's bloodbath

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Yes Bank CFO resigns, stock recovers from Tuesday's bloodbath

Oct 03, 2019 12:10 IST

Details of the turbulent ride the Yes Bank stock saw on Tuesday are now emerging - The Bank says its stock price saw a steep decline on account of forced sale of 10 crore equity shares that's close to 4 per cent of the bank's equity share capital, triggered by an invocation of pledge on the equity shares of a large stakeholder. Separately, Rajat Monga, Group President and Chief Financial Officer at Yes Bank, has resigned. The stock saw a recovery in trade on Thursday.