Yes Bank shares plummet after SC ruling

The Supreme Court has made a significant decision regarding Yes Bank's AT-1 bonds. Yes Bank had written off Rs 8,415 crore of these bonds, but the court has now declared this action unlawful. This ruling has had an immediate impact on Yes Bank's shares, which have fallen by 20%. The court's decision is a major development in the case.

A block deal is a type of large-scale transaction that can affect share prices. In this case, the court's decision has led to a steep decline in Yes Bank shares. The write-off of AT-1 bonds was a significant event, and the court's ruling has undone this action. This type of event can have a major impact on the stock market.

The Supreme Court's decision is a pivotal moment in the story of Yes Bank's AT-1 bonds. The bank had taken the step of writing off these bonds, but the court has now intervened. AT-1 bonds are a type of financial instrument that can be used by banks to raise capital. The court's ruling will have implications for the bank's financial situation.

What it means for investors: The decline in Yes Bank shares will be a concern for investors who hold these shares. The Supreme Court's ruling has undone the write-off of the AT-1 bonds, which will have implications for the bank's financial situation. Investors will be watching the situation closely to see how it develops and what the next steps will be for the bank.