Big selling can be seen in Yes Bank shares, RBI’s ban on selling shares for 3 years ends today

Yes Bank shares: The Reserve Bank of India (RBI) ban (lock-in period) on selling Yes Bank shares to private investors and ETFs for three years is ending on Monday. Analysts say that in such a situation the selling pressure on the shares of Yes Bank may increase. He estimates that investors can sell their shares in the bank on Monday. Major investors in Yes Bank include nine banks led by State Bank of India (SBI).

Under the RBI’s relief package, SBI had picked up about 49 per cent shares of the bank in March 2020 at a premium of Rs 8 to Rs 10 per share. Exchange Traded Funds (ETFs) are also likely to make withdrawals.

Which bank has how many shares

SBI held 26.14 per cent or 605 crore shares of Yes Bank by December 2022. Similarly, HDFC, HDFC Bank and ICICI Bank had one billion shares each. Axis Bank had 60 crores, Kotak Mahindra Bank 50 crores, Federal Bank and Bandhan Bank 30 crores and IDFC First Bank 25 crores. Besides, SBI AMC held 2.36 crore shares of Yes Bank, Kotak AMC 1.19 crore shares, Nippon India 1.05 crore shares in its Nifty 50 ETF. However, most of them have already sold 25 per cent of their shares in Yes Bank, which were not under ‘freeze’.

How was the trade in Yes Bank shares in the last one week?

In the last 5 days, the shares of Yes Bank have seen a decline and this share has shown a decline of 5.16 per cent in the last week. At the end of trading on Friday, shares of Yes Bank closed at Rs 16.55 per stock. Talking about the last whole year, the lion of Yes Bank has given more than 30 percent return to its investors. However, today there is a fear of a big sell-off in the shares of Yes Bank and in the last week, possibly because of this, the shares of Yes Bank have fallen by more than 5 per cent.

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