Yes Bank clarifies on Supreme Court ruling in AT-1 bond write-off case
YESBANK · price
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On the reaction day the stock moved 3.3 pts less than Nifty Midcap 150 and 3.6 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Supreme Court has pronounced its judgment on appeals relating to Yes Bank's March 2020 write-down of about Rs 8,415 crore in AT-1 bonds. Shares fell 10 percent after the news. The bank is examining the order and will make further disclosures. It confirms no undisclosed material information exists.
Judgment outcome is being examined; further disclosures expected. Potential material impact on capital or financials depending on ruling.