Yes Bank investors to get 6 times returns
Yes Bank investors to get 6 times returns
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New Delhi: So far, domestic financial institutions that have bought equity in the cash-strapped YES Bank have benefited a lot under the restructuring scheme of the private bank. The State Bank of India (SBI), under seven private banks and financial institutions and under the public sector, infused Rs 10,000 crore into the bank by purchasing 1,000 crore shares of YES Bank at Rs 10 denomination (Rs 2 face value and Rs 8 premium). 

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The bank's stock closed at Rs 58.65 per share on Tuesday. If investors sell a fraction of these shares, then they can get about 6 times more returns. According to the news agency IANS report, ICICI Bank and Housing Development Finance Corporation (HDFC) have bought 100-100 crore shares of Rs 1,000 each in Yes Bank.

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If these banks also sell 25% of its investment i.e. 25 crore shares, then each one will get about 1,500 crore rupees on the present value of these bank's shares. In this way, not only will they recover the entire investment amount, but it will also get a good profit. Similarly, by selling only a part of their shares to other banks, it can get many times more benefit from their investment.

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