Alert YES Bank shareholders! You can't sell over 25% stock for next three years
Lock-in period is effective from March 13, which means the retail investors won't be able to sell more than 25 per cent of their shares for the next three years
- Mar 14, 2020,
- Updated Mar 14, 2020 6:54 PM IST
All existing shareholders of Yes Bank have been barred from selling more than 25 of their current holding for 3 years, according to the YES Bank Reconstruction Plan approved by Centre on March 13. Only retail shareholders holding up to 100 shares can sell their entire holding.
Anyone with shareholding up to Rs 2 lakh is called a retail shareholder. The retail shareholders collectively control 43.66 per cent of Yes Bank's stock. Anyone with more than Rs 2 lakh shareholding or high net worth individuals control another 4.3 per cent of the stock. Experts call the decision "unprecedented", adding that the decision would hurt over 16 lakh retail investors who own more than 100 shares.
Edited by Manoj Sharma
All existing shareholders of Yes Bank have been barred from selling more than 25 of their current holding for 3 years, according to the YES Bank Reconstruction Plan approved by Centre on March 13. Only retail shareholders holding up to 100 shares can sell their entire holding.
Anyone with shareholding up to Rs 2 lakh is called a retail shareholder. The retail shareholders collectively control 43.66 per cent of Yes Bank's stock. Anyone with more than Rs 2 lakh shareholding or high net worth individuals control another 4.3 per cent of the stock. Experts call the decision "unprecedented", adding that the decision would hurt over 16 lakh retail investors who own more than 100 shares.
Edited by Manoj Sharma