Shares of YES Bank cracked nearly 6 per cent after the risk and audit committee of CG Power and Industries said that were some unauthorised transactions carried out by ‘certain employees’ of the company, which has led to potential understatement of not only the company’s liabilities but also advances to related and unrelated parties of the company and the group. Reacting on the announcement, private sector lender YES Bank, which holds 12.79 per cent stake in CG Power, declined 5.74 per cent to Rs 72.30.
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