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...
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I am relieved to know bhai 🙂🙂🙂🙂🙂
Just removed Yes Bank from my wishlist… 
🤪🤣🤣🤣🤣🤣
Is this applicable for new shareholders entering or existing ones..
Existing ones
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.
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
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.
….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….
Will yes bank share price increase or decrease in next 3 years
🙂 can’t speculate.
This is applicable only for existing share holders. New Share holders can buy and sell as usual.
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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