YES Bank Shares Crash 14% To Rs 18.22, Rs 15,600 Crore AT1 Bond Payout May Hit 25% Of Net Worth
Mumbai: YES Bank shares plunged 14.06 percent on Thursday, falling Rs 2.98 to Rs 18.22 at 3:15 PM IST, amid concerns over a possible Rs 15,600 crore liability linked to Additional Tier-1 (AT1) bonds. The sharp fall followed the Supreme Court's decision upholding the Bombay High Court ruling that set aside the write-off of YES Bank's AT1 bonds during its 2020 financial crisis. YES Bank Shares Hit…
Mumbai: Shares of YES Bank experienced a significant 14.06 percent drop, falling Rs 2.98 to Rs 18.22, on Thursday. This occurred amid worries over a potential Rs 15,600 crore liability related to Additional Tier-1 (AT1) bonds. The drop followed the Supreme Court's decision confirming a Bombay High Court ruling that overturned the write-off of YES Bank's AT1 bonds during its 2020 financial crisis.
Shares opened at Rs 21.25 and reached a high of Rs 21.38 before falling sharply. The bank's market capitalisation was estimated at Rs 57,190 crore at 3:15 PM.
A key concern is the Rs 15,600 crore payout linked to the AT1 bonds. Assuming a net worth of Rs 61,800 crore, this payout could reduce the bank's net worth by over 25 percent, dropping it from Rs 61,800 crore to Rs 46,200 crore. Investors are closely watching the final payout details, interest obligations, and regulatory treatment.
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