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Tiger Global to sell Yandex stake

Tiger Global Management, which owned almost 4.7 percent of Yandex, the premier Russian online company, has put its entire stake up for sale sometime in the first quarter of 2013. The news of the sale of the stock was confirmed through documents published by the U.S. Securities and Exchange Commission.

The published reports cover the period between January and March. According to the figures given, Tiger was not in possession of any Yandex shares on March 31. However, at the end of last year, Tiger Global had almost 15.3 million shares, which is equivalent to a 4.7-percent stake in the company. 

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