YES Capital said the proceeds would go to Franklin Templeton Asset Management, with whom its shareholding of YES Bank was pledged.
The combined entities held 9.64 per cent holding in the bank which now stands at 6.89 per cent.
The scrip, which faced severe drubbing in the previous trade, jumped 8.21 per cent to Rs 58.60 on the BSE on Friday.
Based on January data, the midsize Indian bank had Rs 450-crore exposure to Altico, the third-highest after Mashreq and HDFC Bank.
Under Indian central bank rules, an individual shareholder cannot hold more than 15 per cent in a bank.
On the BSE, the CG Power scrip tumbled 20 per cent to touch its 52-week low of Rs 11.80.
The bank has invoked pledge on 3.27 crore equity shares having nominal value of Rs 5 per share.
Kapoor declined to comment Thursday on the effect of the share price drop on his wealth.
The private lender had reported a profit of Rs 1,260 crore in the same quarter last year.
The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.