Home / Finance / News / NSE decides to pre-pone YES Bank's exclusion from indices to this Thursday

NSE decides to pre-pone YES Bank's exclusion from indices to this Thursday

Public shareholders have Rs 8,673 cr exposure to bank

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Government in a notification on Friday said new or existing shareholders will not be able to sell more than 25 per cent of holdings in YES Bank for a period of three years

Jash Kriplani Mumbai

2 min read Last Updated : Mar 16 2020 | 11:17 PM IST

The National Stock Exchange (NSE) has decided to pre-pone YES Bank's exclusion from NSE indices to this Thursday, in light of the recent reconstruction scheme for the bank, which has also put certain restrictions on trading of the bank's shares.

NSE in a note said, "...in light of recent developments relating to YES Bank and the gazette notification dated March 13, 2020 on ‘Yes Bank Limited Reconstruction Scheme, 2020’, subsequent to above announcements on index rebalancing, the index maintenance sub-committee has decided to accelerate removal of YES Bank from NIFTY 50 and NIFTY Bank and also remove it from all

Topics : Rana Kapoor YES Bank National Stock Exchange

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