YES Bank Ltd.

NSE: YESBANK | BSE: 532648 | ISIN: INE528G01035 |Industry: Banks
|Weak Stock
28.85 0.90 (3.22%)
NSE Jun 05, 2020 15:31
Volume: 18.9M

YES Bank Ltd.    
16 Oct 2019
Promoter pledges soar, FII holdings fall at YES Bank

YES Bank, which has struggled with performance and asset quality in the past quarters, has seen a big shareholding shift in the September quarter, with FIIs selling a significant chunk of the bank's shares, and promoter pledges soaring. Promoter pledges have increased to 35.05% of their holdings, from 3.64% in June 2019. Number of FIIs holding YES Bank stock fell by 42, decreasing their holdings by 7.18% from 33.6% in June 2019. 

Promoter Rana Kapoor’s holding in the bank declined, and sales of shares in two family-owned entities, Yes Capital, (YCPL) and Morgan Credits (MCPL) meant that their combined stake fell to 0.8% from 6.29% in the June quarter. A lot changes in a year, clearly. Last September, Rana Kapoor had said "Diamonds are forever: My promoter shares of Yes Bank are invaluable to me."

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