Yes Bank gains 4% on report of promoters initiating out-of-court settlement

Shares of Yes Bank added 4 percent intraday based on a report that the promoters have initiated process for an out-of-court settlement.

According to Mint, Rana Kapoor and Madhu Kapur have initiated process for settlement of legal case against each other. The report further added that the move could end any uncertainty around its succession plan as well as make the Board's functioning simpler.

At 10:00 hrs Yes Bank was quoting at Rs 212.25, up Rs 6.05, or 2.93 percent on the BSE.

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