Yes Bank Lock-in Period: Yes Bank shares fell 12.83% to a low of Rs 14.40 in early trade on Monday. Today itself the lock-in period of 3 years of the bank has also ended. In such a situation, investors are now free to sell their shares.
Image Credit source: Representational Image
Yes Bank Lock-in Period:Yes Bank has a lock-in period of 3 years (Yes Bank Lock-in Period) Today is over. In such a situation, as soon as the lock-in period ends, the shares of the bank (Yes Bank Shares) registered a decline of 13%. Yes Bank shares fell 12.83% to hit a low of Rs 14.40 in early trade on Monday. According to experts, investors whose shares were locked for three years from March 13, 2020, are free to sell those shares after the end of the lock-in period today. These investors include private banks and other investors.
Along with Yes Bank, the three-year lock-in period of ICICI Bank, HDFC Bank, IDFC First Bank, Axis Bank, Kotak Mahindra Bank and Federal Bank has also ended today. Now, after three years of lock-in of all these banks, the banks can sell their stake. Let us tell you, these banks had bought the shares of Yes Bank at about Rs 10 per share. After RBI’s relief package, SBI bought 49% of the bank’s shares in March 2020 at a premium of Rs 8 to Rs 10.
read this also: Data related to inflation will be released today, you will be affected like this
Whose share is how much?
- SBI had 26.14% shares worth about 605 crores till December 2022.
- HDFC & HDFC Bank and ICICI Bank had shares of one million each.
- 50 crores (500 million) with Kotak Mahindra Bank.
- 60 crores with Axis Bank.
- 30 crores with Federal Bank, Bandhan Bank.
- IDFC First Bank had 25 crore shares.
Also read: How will the collapse of Silicon Valley Bank affect startups? Know from the words of Statrtups CEO
Meaning of the end of the lock-in period
The direct effect of the end of the lock-in period will be seen in the shares of Yes Bank. It is feared that the stock of the bank may decline. Crores of shares of Yes Bank can now be sold as per their convenience. If we add the stake of State Bank of India to them, then the shares sold may increase and hence Yes Bank share price may see volatility today.