Adani Electricity Mumbai Ltd, the electricity distribution arm of Adani group that supplies power to India’s financial capital, sold Yes bank shares worth Rs 202 crore through open market transactions on Thursday, according to data available with the stock exchanges. The bulk deal data available with NSE showed that Adani Electricity Mumbai sold 15 crore shares at an average price of Rs 13.45 apiece, with the transaction value at Rs 201.75 crore. Life Insurance Corp of India had said that it has bought additional shares of the lender through open market purchases.

Earlier this month, Moody’s Investors Service upgraded Yes Bank’s long-term foreign-currency issuer rating by a notch from Caa1 to B3 after the private lender raised Rs 15,000 crore in a follow-on public offer in July.

Yes Bank reported a 60 per cent year-on-year decline in its standalone profit for the June quarter to Rs 45 crore while net interest income declined 16.3 per cent to Rs 1,908 crore from Rs 2,281 crore a year ago.

On Friday, shares of Yes Bank traded nearly 5 per cent higher at Rs 14.10 apiece on the NSE. Since the beginning of the year, the stock has lost 71 per cent in value compared with an 8 per cent decline in the benchmark Nifty.