Blackrock Real Asset Equity Trust has divested 0.95% stake in Yes Bank, one of the leading private sector banks, for Rs 2,312.72 million on Wednesday. Blackrock has sold 3,940,967 shares at a price of Rs 586.84 a share at the NSE.
Today the shares of Yes Bank witnessed a rise after the bank has received ratings upgrade from ICRA for its various long term debt programmes, with the lower tier II bonds of the bank upgraded from AA (stable) to AA+ (stable).
The rating committee of ICRA after giving due consideration to Yes Bank's financial performance and track record has upgraded Yes Bank's long-term debt programmes ratings.
