Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
Yes Bank has informed the stock exchanges that CA Basque Investments, a Mauritius-based investor (not part of the promoter group), has sold 2.62% of its shareholding in the bank through an open market sale on June 3, 2025. The investor's stake in the bank has come down from 6.84% (about 214.4 crore shares) to 4.22% (about 132.4 crore shares). The sale involved 82 crore equity shares. Following this reduction below the 5% mark, CA Basque has lost its right to nominate a director on Yes Bank's board, as per the investment agreement signed in July 2022.
This is a notable trimming of a major foreign institutional investor's stake, which may create short-term selling pressure on the stock. However, the stake remains substantial at 4.22%, and the loss of board nomination rights signals a reduced influence of this particular investor in the bank's governance.