BUZZ-India's Yes Bank rises 9%; investor buys 13 mln shares in co - Reuters News
05-Nov-2019 11:32:20 AM ** Shares of private-sector lender Yes Bank <YESB.NS> rise
as much as 8.8% to 72 rupees, their highest since Oct 31
** Stock market investor Rakesh Jhunjhunwala bought 12.95
mln shares in Yes Bank at 67.10 rupees on Monday, data from the
Bombay Stock Exchange showed
** Co last week reported a bigger-than-expected loss for the
second quarter as asset quality worsened and provisions swelled
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** Last week, the co had said it received a binding offer of
$1.2 bln from a global investor, without giving further details
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** About 159 mln shares change hands in early trade,
compared with 30-day avg of 349 mln shares
** Stock lost 63.6% of their value so far this year, weighed
down by its exposure to Jet Airways <JET.NS>, infrastructure
conglomerate IL&FS, a multi-fold rise in provisions for loan
losses