As per the recent notification received from the Ministry of Finance and CDSL Depository, all existing shareholders (including new investors) of YES Bank have been barred from selling more than 25% of their current holdings for 3 years.
To decipher this –
- Provided that the said lock-in period is not applicable for retail shareholders holding up to 100 shares and they can sell their entire holdings of Yes Bank i.e. up to 100 shares.
- The date of commencement for the said scheme is Friday, 13th March 2020. Therefore, this restriction is only applicable to the shares held as on Friday EOD.
- Investors holding more than the 100 shares of YES Bank are allowed to sell only 25% of their holdings and remaining shares will be blocked for the period of 3 years.
We request readers to take the note of this.