Anchor investor Bay Tree India Holdings I LLC has sold over 2 percent stake in Yes Bank through open market transactions.
According to a regulatory filing, Bay Tree India Holdings I LLC, which held 7.48 percent stake in Yes Bank earlier, sold 52.15 crore shares representing 2.08 per cent of equity stake in multiple tranches between January 6 and May 6, 2021.
Post the sale, stake of Bay Tree India Holdings I LLC in Yes Bank stands at 5.40 percent.
In July 2020, Yes Bank garnered Rs 4,098 crore from anchor investors, a day ahead of its follow-on public offering.
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Bay Tree India Holdings I, owned by Tilden Park, was the largest anchor investor, investing Rs 2,250 crore in Yes Bank for an allocation of 1,87,50,00,000 (7.48 per cent) shares.
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