Yes Bank Shares Sink 20% After Supreme Court Strikes Down Rs 8,415 Crore AT-1 Bond Write-Off
Yes Bank shares plunged as much as 20% after India’s Supreme Court ruled that the bank’s write-off of Rs 8,415 crore in additional tier-1 bonds was unlawful. The decision is a major victory for bondholders and could force a reassessment of how regulators, lenders and investors understand the risks attached to hybrid capital instruments.
