Bay Tree India Holdings sells over 2% stake in Yes Bank
Anchor investor Bay Tree India Holdings I LLC has sold over a 2% stake in private sector lender Yes Bank through open market transactions. According to a regulatory filing, Bay Tree India Holdings I LLC, which held a 5.40% stake in Yes Bank earlier, sold 52.09 crore shares representing 2.08% of the equity stake in multiple tranches between May 7 and June 11, 2021.
Post the sale, the stake of Bay Tree India Holdings I LLC in Yes Bank stands at 3.32%. Last month, Bay Tree India Holdings I LLC had informed that it sold 52.15 crore shares, representing 2.08% of the equity stake in multiple tranches between January 6 and May 6, 2021.
In July 2020, Yes Bank garnered Rs 4,098 crore from anchor investors, a day ahead of its follow-on public offering. 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%) shares.
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