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Lock-in period is over
Under the ‘Yes Bank Reconstruction Plan 2020’, through a notification dated 13 March 2020, the Ministry of Finance locked in 75% of the shares of shareholders who hold 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.
What is the share of other banks in Yes Bank?
SBI holds 7,51,66,66,000 equity shares of Yes Bank as per share pattern for December quarter 2022. That is 26.14 percent shareholding. 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 per cent), LIC holds 1,24,83,65,988 shares (4.34 per cent). 100 percent shares of Yes Bank are held by the public ie the promoters do not hold any shares.