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Sunday, November 30, 2008

YES Bank Chairman found dead in Mumbai Attack

Yes Bank chairman Ashok Kapur was on Friday found dead in Mumbai's Oberoi (Trident) Hotel, which was under terrorists' siege for several hours since late Wednesday evening.

Body of Kapur, non-executive chairman of the bank, was found in the hotel where he had been staying, informed a bank spokesperson.

Kapur was one of the promoters of the bank, along with his brother-in-law Rana Kapoor, who together held 34 per cent stake in the new generation private sector bank.

Let us see how stock market reacts on YES Bank stock with this happening.

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