Yes Bank sells over 15 lakh shares of SICAL Logistics

Yes Bank on Thursday post-market hours said that it has sold more than 15 lakh shares, constituting 2.68% of equity stake, of SICAL Logistics in various tranches.

Further, the shareholding of the bank in SICAL Logistics has come down to 5.49% post-sale of the 15.66 lakh shares, the bank said in a regulatory filing.

“In furtherance to our communication dated January 15, 2020, and January 23, 2020, we would like to inform you that Yes Bank Limited ("the Bank") has sold 15,66,909 equity shares having nominal value of Rs10/- each, constituting 2.68% of the paid-up share capital of SICAL Logistics Limited ('SICAL') in various tranches, last being on January 29, 2020, resulting into a change in holding of the Bank by more than 2% of the total shareholding of SICAL,” the bank added.

Stock view:
Yes Bank Ltd ended at Rs38.95, down by Rs2.25 or 5.46% from its previous closing of Rs41.20 on the BSE.

Sical Logistics Ltd ended at Rs10.85, down by Rs0.55 or 4.82% from its previous closing of Rs11.40 on the BSE.

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