Yes Bank Limited on Thursday announced the transfer of 14,02,991 shares, representing 7.21 per cent of the total share of Asian Hotels (North) Limited, to JC Flowers Asset Reconstruction Private Limited through an exchange filing.
It has also transferred , 45,46,214 shares, worth 14.11% of the total share capital of Dion Global Solutions Limited, to JC Flowers, along with 44,53,48,990 shares of Dish TV representing 24.19% of its share capital.
In addition to that 12,73,21,500 pledged shares of Rosa Power Supply, 949,930 shares of Tulip Star Hotels, and 40,00,00,000 shares representing 20% of Vadraj Cement's share capital, were also transferred to the ARC JC Flowers.
JC Flowers is an asset reconstruction company, and post-transfer Yes Bank will not hold any shares of the company.
On Thursday, the shares of Yes Bank closed at Rs 19, down by 4.28 per cent.
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