Indeed Bank sells more than 13 lakh portions of Reliance Capital

Indeed Bank sells more than 13 lakh portions of Reliance Capital

New Delhi: Yes Bank on Friday sold in excess of 13 lakh portions of Reliance Capital for over Rs 2 crore through an open market exchange.

As per mass arrangement information accessible with the National Stock Exchange (NSE), the private part moneylender sold 13,21,166 offers at a normal cost of Rs 16.39 each, esteeming the exchange at Rs 2.16 crore.

In any case, the purchaser of the offers couldn’t be determined.

On the NSE, portions of Reliance Capital Ltd finished 4.96 percent lower at Rs 16.3.

In October, Reliance Nippon Asset Management Company had guided its trustees to sell the rest of the offers promised by Rana Kapoor, fellow benefactor of Yes Bank, as an insurance with the common store house, sources had said.

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