Share sale overhang on YES Bank as three-year lock-in nears end for lender

Passive trackers likely to sell 67 mn shares; another 1.35 bn could be offloaded by individual investors

Samie Modak | Mumbai
Last Updated at March 7, 2023 14:15 IST

Prior to its recapitalisation plan, the private sector lender was a member of the widely-tracked Nifty and Bank Nifty indices.

Shares of YES Bank could witness downward pressure as exchange traded funds (ETFs) and individual investors could make a dash for exit as soon as the forced lock-in period ends on March 13.

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