Madhu Kapur sells 2.5 crore shares of YES Bank

Madhu Kapur wife of late Yes Bank co founder Ashok Kapur has sold about 2.5 crore shares of the bank at Rs 65 a piece netting her Rs 161 crore.

The share sale was done through a block deal on the NSE data on the stock exchange showed. The sale makes about 14% of Kapur's stake. Prior to the sale Kapur held 17.6 crore shares the the bank.

The sale comes even as the 13 day moratorium on the bank ended on Wednesday evening after a SBI led investment into the bank to save it from failing.


According to the reconstruction scheme shareholders cannot sell 75% of their shareholding cannot be sold for three years.

Shares of Yes Bank jumped 50% on Wednesday jumped to Rs 88 before settling at Rs 62 on the NSE. In the previous two trading session, the stock has surged more than two times from Rs 25 to Rs 59.

Separately, Yes Bank, said Kapur has pledged an additional 0.098% or 25 lakh share of her family's shareholding of 6.87% in the bank.

In an exchange filing this evening, the bank said Kapur has only 0.117% or 3 lakh shares which are not pledged now.

According to the filing, the shares have been pledged with HSBC Investdirect Financial Services India on March 6, 2020—just one day after the Reserve Bank superseded its board and brought the bank under a moratorium which was lifted on Wednesday evening.