YES Bank sells 10.45 lakh shares of Religare Enterprises

Shares of the company have fallen over 85% in the current calendar year amid concerns over weak financials and reports of lenders selling pledged shares. NSEBSEYes BankLoading data…

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    ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESReligare EnterprisesLoading data…

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        ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIES MUMBAI: YES Bank on Thursday sold 10.45 lakh shares in Religare Enterprises at Rs 38.44 per share, bulk deal data on the National Stock Exchange of India’s website showed.

        On Wednesday, YES Bank had sold 9.55 lakh shares at Rs 40.23 apiece and on Monday, Housing Development Finance Corporation had sold 11.35 lakh shares at Rs 44.71 per share.

        Shares of the company have fallen over 85% in the current calendar year amid concerns over weak financials and reports of lenders selling pledged shares.

        In the June quarter, Religare’s net loss widened to Rs 47.39 crore in the June quarter from a loss of Rs 25.84 crore in the same period last year.

        For the financial year ended March, the company had reported a standalone net loss of Rs 159 crore against a net profit of Rs 159 crore in the previous year as revenue declined to Rs 35 crore from Rs 125 crore.

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