Shares of YES Bank surged 6.5% to a high of Rs 26.60 in early trading on BSE on Thursday after Moody’s Ratings changed their outlook from stable to positive while First Abu Dhabi Bank is also weighing a bid for a stake in the bank.

Moody’s Ratings changed the outlook from stable to positive, affirming the bank’s Ba3 long-term foreign currency and local currency ratings while on the other hand, the middle eastern lender is likely weighing a bid for as much as a 51% stake in YES Bank
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