Are you interested in learning about the shares lock-in period duration in Yes Bank? This stock came out to be the talk of the market in the year 2020.
It witnessed so many downs back to back and even after almost coming to the verge of closing down, major private banks took interest and rescued it.
It’s due to the hype in the market and to support this share, a rescue plan formed with the name of lock-in period regulation and imposed if you own more than 100 Shares of Yes Bank.
The government imposed lock-on shareholders holding 100 shares or more than 75 percent of their total investment in Yes Bank for new and existing shareholders.
Despite of Yes bank share lock-in period of 3 years imposed by the Government. Yes, Bank shares soar 58%, an outrageous rise in the scrip price of the shares.
Yes bank allotted 1000 crore equity shares to seven private banks for Rs 10,000 crore. The last Dec’2019 quarter reported a loss of Rs 18,564 crore compared to a profit of 1000 crore last year.
Yes, bank stock rose to 58.12 percent, the highest hit of Rs40.40 on BSE on Monday (16 Mar 2020).
SBI, HDFC, Axis Bank, Kotak Mahindra, Federal Bank, and Bandhan banks are seven private banks having a stake of 49 percent in the bank with a lock-in period of three years.