yes bank share, important news! Yes The bank lockout period is over; Fear of a big fall in share price – yes 3 year bank lock-in period ends today stock price fear likelyNews WAALI

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 every investor. Because the bank’s three-year lock-in period ended today. In such a situation, it is feared that once the lock-in period ends, small and large investors may sell the bank 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 an interest in it. If it decides 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 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.

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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.