YES Bank jumps 5% as LIC hikes Stake to 7.4%

YES Bank jumped to 5% Monday as Life Insurance Corporation of India (LIC) has hiked stake in the financial company. As of June 30, LIC's stake in YES Bank was around 4.7%, which is increased to 7.4%

Earlier, Morgan Stanley Asia (Singapore) had purchased Rs 46.6 crore worth of equity shares of YES Bank on the NSE via bulk deal on August 31.