3 years lock in period for yesbank shareholders.

The reconstruction deal is good for the depositors. However, it may not have gone down well for shareholders and bondholders. The reconstruction scheme notified on March 13 prescribes a three-year lock-in for all investors, including retail investors, to the extent of 75 percent of their holdings.

“All shareholders holding 100 or more equity shareholders are advised to exercise utmost caution while dealing in the script of the Bank and be guided by the enclosed scheme,” Yes Bank said in a release.

Only retail investors that hold under 100 Yes Bank shares are exempted. The lock-in is effective as of March 13.

Disclaimer - make your own research before taking any decision on buy or sell of stock or ask to your financial advisor i have just shared this post for information purpose only.