yes bank share, important news! Yes Bank lock-in period is over; Fear of big drop in share price – yes bank 3-year lock-in period ends today fear of stock price likely

New Delhi: Millions of investors’ money is stuck in the private sector Yes Bank. So the first trading day of the week is more important for all investors. Because the three-year lock-in period of the bank has ended today. In such a situation, it is feared that once the lock-in period ends, small and large investors may sell the bank’s shares in bulk as they have been stuck in Yes Bank shares for the past three years.

Many leading private sector banks including State Bank of India (SBI), the country’s largest bank, have stake in it. If they decide to sell the shares, it can affect the price. Shares of Yes Bank closed at Rs 16.55 on the last trading day of this week.

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Lock in period is over
Under the ‘Yes Bank Reconstruction Scheme 2020’, through a notification dated 13 March 2020, the Ministry of Finance locked-in 75% of the shares of shareholders holding more than 100 shares for three years. Apart from this, there is a lock in period till March 13, 2023 for Axis Bank, ICICI Bank and IDFC First Bank.

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What is the stake of other banks in Yes Bank?
SBI holds 7,51,66,66,000 equity shares of Yes Bank as per shareholding pattern for December 2022 quarter. That is 26.14 percent shares. In Yes Bank, IDFC First Bank holds 28,86,27,680 shares (1 percent), Axis Bank holds 45,22,10,458 shares (1.57 percent) and ICICI Bank holds 75,00,59,900 shares (2.61 percent). ), LIC holds 1,24,83,65,988 shares (4.34 per cent). 100 percent shares of Yes Bank are held by the public i.e. the promoters do not hold any shares.