Yes Shareholders' burden just got heavier: 3 ye...

Yes Shareholders' burden just got heavier: 3 year lock-in (Edit: More Bad news, 18.5k crore loss, 789% increase in gross NPA, Net NPA increased by 386%)

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Well, if you hold 100 or above shares of yesbank, then you can sale 25% of the shares. Rest gotta be held for 3 years.

Source:
The Yes Bank reconstruction scheme notified on March 13, prescribes a three-year lock-in for all investors, including retail investors, to the extent of 75 percent of their holdings
https://www.moneycontrol.com/news/business/mark...

edit: bad news
Gross NPA increased by 789%, Net NPA increased by 386%. And it has reported around 18.5 k crores of loss. Dayum.
source: https://economictimes.indiatimes.com/markets/st...

24 Comments  |  
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Deal Cadet
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I’m also holding some shares & I welcome this step 😊😊🌈 🌈 now there will less manipulation in stock. Considering it as another tax saving ELSS

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Shahskm wrote:

I’m also holding some shares & I welcome this step 😊😊🌈 🌈 now there will less manipulation in stock. Considering it as another tax saving ELSS

I am relieved to know bhai 🙂🙂🙂🙂🙂

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Entertainer
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Just removed Yes Bank from my wishlist… wink toungueout

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vijkap201 wrote:

Just removed Yes Bank from my wishlist… wink toungueout

🤪🤣🤣🤣🤣🤣

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Deal Subedar
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Is this applicable for new shareholders entering or existing ones..

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Shahskm wrote:

I’m also holding some shares & I welcome this step 😊😊🌈 🌈 now there will less manipulation in stock. Considering it as another tax saving ELSS

You do realise that lesser the quantity of shares in the market easier it will be for operators to manipulate?

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abhi1047 wrote:

Is this applicable for new shareholders entering or existing ones..

Existing ones

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bikidas2060 wrote:

Existing ones

Shouldn’t it also apply to new investors as well,I mean what’s the point if someone new now buy 1000 shares & then sell all 1000 shares 3 days later.

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guest_999 wrote:

Shouldn’t it also apply to new investors as well,I mean what’s the point if someone new now buy 1000 shares & then sell all 1000 shares 3 days later.

So till 3 years one has to buy 1000 shares and sell 250 shares? Then why would anyone buy this share at all? The record date was the date of the restructuring policy approval which was 13th.

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Deal Cadet
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Must watch for yes bank share holders:
htt.../m.

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guest_999 wrote:

Shouldn’t it also apply to new investors as well,I mean what’s the point if someone new now buy 1000 shares & then sell all 1000 shares 3 days later.

Bhai I really don’t know about that development. Maybe it is how you explained it.

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Deal Subedar
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1k shares bought during recent fall and sold them within next 2 days.. Now I’m holding 150 shares bought at 43/-

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AppleFan wrote:

1k shares bought during recent fall and sold them within next 2 days.. Now I’m holding 150 shares bought at 43/-

You can still sell 25% of em

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Deal Subedar
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bikidas2060 wrote:

You can still sell 25% of em

Yes now price will fall again on Monday.
Will the same 75% lock in rule applicable to shares bought in future?

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AppleFan wrote:

Yes now price will fall again on Monday.
Will the same 75% lock in rule applicable to shares bought in future?

Bhai dekhna padega. Me dekhunga app v dekho. Bhai itne shares pade hain, yes ko kahe len???

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Deal Cadet
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RBI played so smart . If you investing in yes bank and buying at RS.10 and u want to exit when it will re.30/40 ? U cannot escape with it. RBI that’s why locked it 3 years for big investors like Sbi/Kotak/ICICI.

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Deal Subedar
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….punters were fu**ed up big time…and looking at the valuations I guess it will be close to 10-17 rs after 3 years…liabilities more than the assets….totally fu**ed up bank….

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Will yes bank share price increase or decrease in next 3 years

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Gothillabro wrote:

Will yes bank share price increase or decrease in next 3 years

🙂 can’t speculate.

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Deal Subedar
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Gothillabro wrote:

Will yes bank share price increase or decrease in next 3 years

…because of this banning of share sale…price will increase to say 55-60…but whats the use you cant sell them….then this euphoria will die and sanity will prevail and larger forces of market will show its value….which I believe is not more than 20 rs….

https://economictimes.indiatimes.com/markets/st...

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nimod wrote:

Must watch for yes bank share holders:
htt.../m.

If giving shares at Rs 10 to banks a dhokha to retail (trading at 26-28 on date of video) then why have people bought same share for 37-38 today.

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igen wrote:

If giving shares at Rs 10 to banks a dhokha to retail (trading at 26-28 on date of video) then why have people bought same share for 37-38 today.

Long term kaa nasha

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igen wrote:

If giving shares at Rs 10 to banks a dhokha to retail (trading at 26-28 on date of video) then why have people bought same share for 37-38 today.

No problems about Banks. This deal will give instant benefits to damani & friends

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This is applicable only for existing share holders. New Share holders can buy and sell as usual.

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