(Aditya Shaw, Intern Journalist): Yes Bank on Tuesday sold more than 8 percent stake in CG Power and Industrial Solutions. The bank has sold this stake for over Rs 75 crore through an open market deal. As per available data, Yes Bank sold 5.18 crore shares worth Rs 75 crore through BSE and NSE (National Stock Exchange). These shares amount to 8.28 percent stake in the company. Yes Bank had a 12.79 percent stake in CG Power as of June 2020. CG Power’s stock rose nearly 5 percent to Rs 14.66 per equity on BSE on Tuesday. On the NSE, it was Rs 14.60 per share, with a gain of 4.66 percent.
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