Business Companies 20 Nov 2019 Rana Kapoor holds ju ...

Rana Kapoor holds just 900 shares in Yes Bank

DECCAN CHRONICLE.
Published Nov 20, 2019, 12:56 am IST
Updated Nov 20, 2019, 12:56 am IST
The RBI had assessed gross NPAs of Rs 11,159 crore, of which the bank disclosed NPAs of Rs 7,882 crore.
Rana Kapoor.
 Rana Kapoor.

Mumbai: Private lender Yes Bank on Tuesday said that its promoters Yes Capital, Morgan Credits and Co-Founder and former Chief Executive Officer Rana Kapoor have sold their remaining 0.8 per cent stake in the company. The promoter entities sold 2.04 crore shares in the open market during November 13-14 and now hold 900 shares in Yes Bank.

The bank also disclosed divergence in reporting of non-performing assets (NPAs) at Rs 3,277 crore for 2018-19, in an exchange filing.

 

Kapoor, who had earlier likened his holding in the bank to "diamonds" and vowed never to sell it, holds just 900 shares valued under Rs 58,000 at the Tuesday's closing price, the bank said.

The RBI had assessed gross NPAs of Rs 11,159 crore, of which the bank disclosed NPAs of Rs 7,882 crore.

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