The share price of the private sector Yes Bank has reached its 52-week low. In Thursday trading, the share price fell 1% and reached Rs 11.89. The bank’s stock is at its lowest level since August 3, 2020.
In the calendar year of 2021, the market value of Yes Bank has fallen by 33 per cent. The downturn is coming at a time when the Sensex and Nifty are hitting new heights on the stock market. Let’s say Yes Bank posted a profit of Rs 206.8 crore in the first quarter of the current financial year.
The effect of this news: In fact, Yes Bank is about to start an Asset Rebuilding Company (ARC). The bank has invited interest from potential investors to become part of the company. In its Letter of Interest (EOI) issued by Yens Bank, Earnest & Young (EY) states that potential investors should have sufficient experience in affluent property matters with strong financial strength.
This special scheme of banks is for senior citizens, they get huge profits
Please note that Ernest and Young Yes are the Bank’s process consultant to start the ARC. Interested investors or their sponsors must have a minimum asset under management of $ 5 billion before the end of the current financial year, the bank said. Interested investors can submit their EOI by emailing [email protected] by August 31, 2021, 5 PM, the bank said.
