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YES Bank shares were up 2.41 per cent at Rs 29.71 on BSE as Morgan Stanley Asia (Singapore) PTE emerged in a bulk deal that saw a shareholder CA Basque Investments, a Carlyle Group entity, selling Rs 1,056 crore worth shares
The directorate of enforcement (ED) has launched a preliminary investigation or a pre-open inquiry into alleged violations related to the Foreign Exchange Management Act (FEMA) in the Paytm Payments Bank Ltd case, says a report. Meanwhile, citing regulatory actions, the National Highway Authority of India (NHAI) has removed Paytm Payments Bank from its list of 30 authorised banks for the FASTag service.
Since January 31, after the RBI imposed its restrictions, Paytm shares have shed more than half their value, tanking around 53 percent.
Equity benchmark indices took a sharp plunge at Wednesday's open tracking a global market selloff
In the last 10 trading days since the RBI ban was announced, the stock has lost about 55% of its value or Rs 26,000 crore in market capitalisation.