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Blackrock sells 39 lakh Yes Bank shares

Yes Bank shares were offloaded at an average price of Rs 586.84 apiece, valuing the transaction size to Rs 231.27 crore.

twitter-logo PTI   Mumbai     Last Updated: September 17, 2014  | 19:31 IST

Blackrock Real Asset Equity Trust on Wednesday offloaded more than 39 lakh shares of private sector lender Yes Bank for an estimated Rs 231.27 crore through an open market transaction on the BSE.

As per the bulk deal information with BSE, the entity sold as many as 39,40,967 shares of the private sector bank.

Yes Bank shares were offloaded at an average price of Rs 586.84 apiece, valuing the transaction size to Rs 231.27 crore.

The private sector lender would be excluded from standard and mid-cap indices of the Morgan Stanley Capital International (MSCI), from Thursday. MSCI is a leading provider of benchmark indices globally.

Yes Bank is India's fourth largest private sector lender and offers corporate banking, investment banking as well as personal banking services across the country.

Shares of Yes Bank gained marginally by 1.67 per cent to close at Rs 586.15 apiece on the BSE.

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