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Yes Bank’s Retail AT-1 Bondholders Plan To Take Their Battle To Court
Along with institutional investors, retail investors, who claim they were missold Yes Bank AT-1 bonds, are approaching courts.
29 May 2020, 01:08 PM IST
Nearly three months after a reconstruction plan was finalised for Yes Bank Ltd., a crucial part of the scheme continues to be under dispute. The decision to write-down additional tier-1 bonds, worth over Rs 8,000 crore, has attracted opposition not just from institutional investors but also retail buyers, who claim the securities were mis-sold to them.A group of 500-odd investors, with investments of about Rs 250 crore, have come tog...
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