There was a notification from the Ministry of Finance in the matter of Yes Bank Limited on Friday evening, March 13th, 2020. As per this, 75% of all shares that the investors held as of 13th March 2020 EOD will be locked for 3 years and can’t be sold. This won’t be applicable for investors holding less than a hundred (100) shares.

To give effect to the above notification the depositories have executed a corporate action and changed the ISIN of Yes Bank from INE528G01027 (old) to INE528G01035 (new). Please Click here to read the circular from CDSL (Depository) and the Ministry of Finance.

How does it impact you?

If you hold more than 100 shares of Yes Bank, then 75% of shares shall be locked in for 3 years. You will not be able to sell it. Our trading application will show and allow selling only 25% of shares you held as on 13th March.

If you hold less than 100 shares, you will be able to freely sell all your shares and they will not be locked. And if you held 101 shares, 75 shares are locked for 3 years.

Note: BTST trades will not be allowed in Yes Bank, hence, you will not be able to sell shares which are bought on 12th and 13th March, 2020 until you get the delivery of the shares in your demat account.

From Monday 16th March 2020, whatever new shares you buy, you will be able to freely sell them. This 75% restriction is only on shares you held on Friday, 13th March 2020 and not on new shares that you buy from now. From Monday 16th March 2020, whatever new shares you buy, you will be able to freely sell them.

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Comments

    1. Trade Smart Online Article Author

      Hello Sweta,
      As per the Ministry of Finance notification, 75% of YES Bank shares that you are holding as on 13th March, 2020 will be blocked for 3 years. The locked in shares will not be visible to you in the trading application nor in back office holdings. Also the shares are not transferable to any other Demat account during lock-in period. For your better understanding we have mentioned such blocked shares under BOX back office > Reports > My Portfolio > “Stocks in lock-in Period” column. Currently you have 975 qty.

  1. SURAJ Singh

    I have purchased yes bank share in 13 march and before but My share of yes bank not showing in my demate allocation why? As per govt. Rule 25% share should be show after purchase but no any quantity show

    1. Trade Smart Online Article Author

      Hi Suraj,
      You are right. 75% share should be blocked and 25% shares will be allowed to sell. To know the status of your Yes Bank shares, please provide your client code.

    1. Trade Smart Online Article Author

      Hi Rohidas,
      As per your account status, you have not submitted Power of Attorney(POA) form. POA is required to see the shares in demat account and to sell the shares from demat account. We have an online process for POA. Kindly email us at support@vnsfin.com for online POA. Our team shall inform you the step wise procedure. Kindly go through our another article on the requirement of POA for more information.

  2. Muralikrishna

    I purchased reliance capital shares on February 2020. Now (07-may-2020) it is showing as reliance capital-BE. what does it means and how it impact my share value and my sell

    1. Trade Smart Online Article Author

      Hi Muralikrishna,
      Exchange categorizes stock in different series based on its performance/volatility. There shall not be any change in the valuation of your stock.

  3. Rajeev Sinha

    Sir ,My demat account is 8500466440.My yes bank shares bought on 12 and March 13 are in the freeze mode . Could please confirm when the same would be released by the depository so that they are credited to my demat account ?

    1. Trade Smart Online Article Author

      Hello Rajeev,
      If your shares are in lock-in period for 3 years as the regulation then you need to wait till the lock-in period is completed.

  4. Ketan Mukund Shinde

    What isin number is applicable for Yes Bank those who purchased shares on 16th March 2020.new isin or old isin?

    1. Trade Smart Online Article Author

      Hello Vaibhav,
      At TradeSmart we provide lock in shares information in the My portfolio section. Kindly check the same with your broker as the representation might differ from broker to broker.

    1. Trade Smart Online Article Author

      Hello Seshadri,
      You have posted your query on TradeSmart Page. Kindly contact Ventura securities for the information.

    2. Trade Smart Online Article Author

      Hello Seshadri,
      You have posted your query on TradeSmart Page. Kindly contact your broker for the information.

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