While foreign and domestic institutional investors have been paring their stake in the troubled Yes Bank, the stake of retail investors has been on the rise.
Foreign Institutional investors (FII) have been offloading their stake in Yes Bank. FII holding in the private lender stood at 15.17% as on 31 December 2019 as compared to 26.51% as on 30 September 2019 and 36.15% as on 31 December 2018.
A similar pattern can be observed in the stake held by domestic institutional investors (DII) in Yes Bank.
DII holding in the private lender stood at 13.81% as on 31 December 2019 as compared to 18.84% as on 30 September 2019 and 21.55% as on 31 December 2018. DII includes mutual Funds/UTI, insurance companies, investment funds and financial institutions/banks.
However, an opposite pattern is observed in the shareholding pattern of the retail investors.
Individuals holding, with nominal share capital in excess of Rs 1 lakh, in the private lender stood at 4.3% as on 31 December 2019 as compared to 2.57% as on 30 September 2019 and 2.82% as on 31 December 2018.
Individuals holding, with nominal share capital up to Rs 1 lakh, in Yes Bank stood at 43.66% as on 31 December 2019 as compared to 27.37% as on 30 September 2019 and 13.45 % as on 31 December 2018.
The aggregate retail holding in the bank stood at 47.96% as on 31 December 2019 as compared to 29.94% as on 30 September 2019 and 16.27% as on 31 December 2018.
Meanwhile, shares of Yes Bank tumbled 55.90% to Rs 16.25 after the the Reserve Bank of India (RBI) superseded the board of Yes Bank and imposed a month-long moratorium.
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