People are withdrawing money as a result of the Yes Bank shares

On Thursday, there was a decrease in Yes Bank stock.

Image Source of the image: Representational

Lock-in Term at Yes Bank: A 3-year lock-in period is in place at Yes Bank (Yes Bank Lock-in Period) The day is done. In this case, the bank’s shares (Yes Bank Shares) experienced a 13% decrease following the expiration of the lock-in period. Early on Monday, Yes Bank shares dropped 12.83% to a low of Rs 14.40.

Experts claim that shareholders who had their shares frozen for three years starting on March 13, 2020, are now free to sell those shares since the lock-in period has expired. Private Banks and other investors are among these investors.

The three-year lock-in period for ICICI Bank, HDFC Bank, IDFC First Bank, Axis Bank, Kotak Mahindra Bank, and Federal Bank has also come to an end today, joining Yes Bank in this. The banks can now sell their stake after three years of being locked in.

 Let us inform you that these banks purchased Yes Bank shares at around Rs. 10 each. SBI acquired 49% of the bank’s shares in March 2020 at a premium of Rs 8 to Rs 10 following the RBI’s relief package.

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How much of a share is whose?

SBI has 26.14% shares valued at around 605 crores through December 2022.

Shares of ICICI Bank and HDFC & HDFC Bank were each one million.

500 million rupees ($50 crore) with Kotak Mahindra Bank.

sixty crores through Axis Bank.

With Federal Bank and Bandhan Bank, 30 crores.

Shares of IDFC First Bank totaled 25 crores.

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significance of the lock-in period’s termination

The closing of the lock-in period will immediately impact the price of Yes Bank’s stock. The bank’s stock could fall, it is feared. Yes, Bank shareholders can now sell millions of shares at their discretion. If we include State Bank of India’s ownership in them, the number of shares sold may rise, which could cause today’s fluctuation in the price of Yes Bank’s stock.

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