Thursday, August 1, 2013

Yes Bank - Norwest Buys in

On July 31, 2013 DB International Asia Limited sold 35,40,799 shares of Yes Bank  at Rs 292 on the NSE.
  
However, Norwest Venture Partners X FII - Mauritius bought 35,40,799 shares at Rs 292.

In the previous trading session, the share closed at Rs 323.80, down Rs 25.10, or 7.19 percent. It has touched a 52-week low of Rs 288.55.

The company's trailing 12-month (TTM) EPS was at Rs 36.27 per share. (Jun, 2013). The stock's price-to-earnings (P/E) ratio was 8.93. The latest book value of the company is Rs 161.48 per share. At current value, the price-to-book value of the company was 2.01. The dividend yield of the company was 1.85 percent.
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Awsome deal - they have done it better than all the retail investors out there!

Key Qs:

- Asset quality deterioration given macro
- Credit growth slowdown
- Capital raise - if it does not happen


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