YES Bank shares fall nearly 8% in 3 days; here's why
On Tuesday, YES Bank share price declined 4.09 per cent to touch an intraday low of Rs 63.15 apiece against previous closing price of Rs 65.90. Earlier today, the stock gained as much as 2.04 per cent in opening trade to Rs 67.25 apiece on the BSE

- Nov 19, 2019,
- Updated Nov 19, 2019 8:46 PM IST
YES Bank share price extended losing streak for the third straight session on Tuesday, falling nearly 8 per cent on the Bombay Stock Exchange (BSE). The fall is despite the private lender denying the reports of fresh audit in a whistleblower complaint.
Earlier today, YES Bank share price gained as much as 2.04 per cent in opening trade to Rs 67.25 apiece on the BSE, the most since November 11, 2019, after the lender announced that it has acquired 20.61 per cent stake in Tulip Star Hotels over invocation of pledged shares.
"We wish to inform you that Yes Bank Ltd. has, pursuant to invocation of pledge of shares, acquired 949,930 equity shares having nominal value of Rs 10 per share, constituting approx. 20.61 per cent of the post-issue paid-up share capital as at September 30, 2019, of a listed company, namely, Tulip Star Hotels Ltd.," YES Bank said in a filing to the BSE.
YES Bank share price, however, soon slipped into negative terrain and fell 4.09 per cent to touch an intraday low of Rs 63.15 apiece against previous closing price of Rs 65.90.
YES Bank share price extended losing streak for the third straight session on Tuesday, falling nearly 8 per cent on the Bombay Stock Exchange (BSE). The fall is despite the private lender denying the reports of fresh audit in a whistleblower complaint.
Earlier today, YES Bank share price gained as much as 2.04 per cent in opening trade to Rs 67.25 apiece on the BSE, the most since November 11, 2019, after the lender announced that it has acquired 20.61 per cent stake in Tulip Star Hotels over invocation of pledged shares.
"We wish to inform you that Yes Bank Ltd. has, pursuant to invocation of pledge of shares, acquired 949,930 equity shares having nominal value of Rs 10 per share, constituting approx. 20.61 per cent of the post-issue paid-up share capital as at September 30, 2019, of a listed company, namely, Tulip Star Hotels Ltd.," YES Bank said in a filing to the BSE.
YES Bank share price, however, soon slipped into negative terrain and fell 4.09 per cent to touch an intraday low of Rs 63.15 apiece against previous closing price of Rs 65.90.