The shares were pledged by Rana Kapoor to support the borrowings of MCPL.

The scrip on Monday tanked over 15 per cent to hit its fresh 10-year low.

YES Capital is a holding company controlled by Yes Bank co-founder Rana Kapoor.

Data from NSE showed that YCPL had sold 2.74 crore Yes Bank shares.

MCPL and Yes Capital Pvt Ltd are the holding companies of the Kapoor family.

Yes Bank's growth plans will remain firmly on track.

The ownership of the promoter group in the lender has gone down to 15.7 per cent.

Rana Kapoor family's stake in YES Bank now stands at 7.3 per cent.

YES Bank and IndusInd Bank also have major exposure to commercial real estate sector.

Rana Kapoor was holding 4.31 per cent stake in YES Bank as of June 30, 2019.

The pledge made as security was provided to the holders of debentures issued by Morgan Credits

Reliance MF is said to be negotiating for repayment against NCDs issued by a firm owned by Rana Kapoor

YES Bank shares ended 1.2 per cent lower on Friday at Rs 195.55, down from its 52-week high of Rs 404.

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