Yes Bank Reconstruction Scheme Locks in 75% of All Shareholding for 3 Years

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 –

1. 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.
2. 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.
3. 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.