Yes Bank Bailed Out! Final Shareholding Pattern after Capital Infusion

Yes Bank was bailed out today after State Bank of India (SBI) and a consortium of 8 other private banks have infused a total capital of ₹12,550 crore by purchasing 1255 crore shares of Yes Bank at ₹10 each. The proceedings of the bailout were as per the directives of issued by the Reserve Bank of India (RBI) in it’s reconstruction scheme for Yes Bank.

RBI had submitted its draft reconstruction scheme on 6th of March to the Central Government. Today the Government has approved and finalized the RBI’s reconstruction scheme and the same was communicated via a notification issued in the Gazette of India.

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Lock-in for 3 years

The finalized reconstruction scheme has also put in a 3 year lock-in clause for existing shareholders of Yes Bank who are holding 100 or more shares.

Below is a screenshot of the share capital clause from the official document.