Yes Bank Share Price Today: Good News for Yes Bank Share

Yes bank share price target: Yes Bank Share Price 2022: There is a strong rise in Yes Bank’s shares on the back of good news in the business. The stock had closed at Rs 16.68 today. Yes Bank formed a Large Bullish candlestick pattern with heavy volume on the Daily chart yesterday. The Big Horizontal trade line seen in this stock is further indicating that this stock has got good support around Rs 12 most of the time.

Yes bank share price target

Shares of Yes Bank climbed more than 20 percent in the last two trading days. Actually, there is a big reason behind the rise in stocks. This is because the bank has announced to raise equity capital of approximately ₹1.1 billion (Rs 8,900 crore) from two giant global private equity investors Carlyle and Advent International. Yes Bank in its board meeting last week approved proposals for private equity investment. Yes Bank will sell its 10% equity stake to Carlyle Group and Advent International for Rs 8,898 crore. Explain that Yes Bank of the private sector will issue 184 crore equity shares to Carlyle at ₹ 13.78 per share.


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