Yes Bank released its shareholding pattern for the quarter that ended in September 2024.

What Happened: Mutual funds increased their ownership in Yes Bank to 0.25% from 0.19% in the June quarter. Shareholding of banks such as SBI, ICICI Bank, HDFC Bank, Kotak Mahindra Bank and Axis Bank remained unchanged.

LIC’s shareholding in the company also didn’t change in the quarter. India’s biggest insurer holds a 3.98% stake in the lender.

On the other hand, FII‘s shareholding in the company fell to 27% from 27.07% in the previous quarter. However, the shareholding of foreign direct investors like CA Basque Investments and Verventa Holdings was unchanged at 6.84% and 9.20% respectively.

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The stake of of resident investors who have held shares worth up to ₹2 lakh also fell to 22.44% from 22.94% in the previous quarter. The number of such retail investors went up over 62 lakh during the quarter.

A retail individual investor, as per SEBI regulations, is defined as someone who applies for securities worth up to ₹2,00,000 in an IPO or holds shares valued under ₹2,00,000 in the stock market.

Yes Bank’s shares have fallen over 2% in the last 5 sessions.

Earlier in the week, RBI was reportedly looking for strategic investors for a potential stake sale in the bank. Mitsubishi UFJ Financial Group, SMBC, and Emirates NBD are potential contenders.

The company also received ₹454 crore for selling NPA portfolio to JC Flowers Asset Reconstruction Company (JC Flowers ARC).

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