The bank received a binding offer from a global investor for an investment of US$ 1.2 billion subject to necessary approvals including regulatory approvals. We believe that earnings trajectory should strengthen significantly from here on." YES BANK Share Price, YES BANK Share News, YES BANK Share Prediction, YES BANK Share Review, YES BANK Share Price Today, YES BANK Share Latest News, YES BA. As of March 2018, as per its annual shareholders report, the three largest shareholders of Yes Bank limited were foreign portfolio investors (43), insurance companies (14), and mutual funds including UTI (10). In positive management commentary, the bank said, "This was a 'quarter of consolidation' in which the bank has demonstrated strong resilience in revenues and asset quality. Yes Bank was listed in the stock exchanges of India post its IPO in May 2005 at an issue price of 45. It reported a net profit of Rs 964.70 crore in the same quarter last year. The bank had posted its biggest loss of Rs 1,506.60 crore in March quarter this year.Īlso read: Rakesh Jhunjhunwala may have lost Rs 715 crore as Titan stock falls nearly 10% post Q2 resultsĮxcluding the one-time tax impact, adjusted profit after tax stood at Rs 109 crore, the bank said. YES Bank reported a net loss of Rs 600 crore for the second quarter ended Septemon November 1, impacted by one-time deferred tax adjustment of Rs 709 crore due to change in corporate tax rate regime.
That puts the book value of yes bank at (net-worth/outstanding shares) Rs 8.66. Right now Yes Bank has a net worth of Rs 21,694.96 crore and number of outstanding shares is 25,05,49,05,981. On November 1 (Friday), the lender reported its second-biggest loss in Q2 since listing in May 2005. For the value of the share of Yes Bank to increase its book value has to increase. Rare Enterprises is a PE firm headed by Rakesh Jhunjhunwala. Q1 earnings of the lender and initiatives taken by new CEO Ravneet Gill to clean books of the bank could have been on the agenda of the meeting. YES Bank's share price stood at Rs 98.45 on BSE that day.Īfter five days, the lender said its representatives met Rare Enterprises on July 22. Collectively, retail shareholders own 43. A retail shareholder is defined as those with shareholding up to 2 lakh. It had posted a net profit of Rs Rs 1,260 crore in the same quarter last year. Even at its peak in August 2018, 100 shares in Yes Bank cost just 39,320. YES Bank reported a sharp decline of 91 per cent in its net profit at Rs 113.80 crore for the first quarter ended June 30, 2019, dented by one-off impact from mark-to-market (MTM) provisions of Rs 1,109 crore.
On July 17 this year, the lender announced its Q1 earnings which were below expectations. equity shares of the face value of 2 aggregating up to 15,000.00 Crores. The second one is Jhunjhunwala has been keenly watching the performance of the private lender and is convinced about the bank's improving financial position. According to buzz on Dalal Street, Jhunjhunwala bought YES Bank share to offset his position in the Futures and Options market.
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