00:00Hi, this is Bhavna and you are watching Kid Returns.
00:03In the shares of Yes Bank, Tufani Tezi has jumped by 15% in a week.
00:10Whereas, from January to July, the share has given a return of 22%.
00:14In a year, the return of the share has been around 50%.
00:18What has happened? Why are we seeing Tezi in the last few days?
00:22Let's know the whole news in the video.
00:24Actually, there was some news about Yes Bank.
00:27Reserve Bank of India has given an in-principle approval to sell 51% of the bank's shares.
00:33Today, Yes Bank has cleared it and said that this news is factually incorrect.
00:38And the media report is speculative.
00:40Yes Bank's shares have become a topic of discussion due to this news.
00:43And as soon as Yes Bank went bankrupt, the shares have jumped by more than 1%.
00:47Yes Bank said this in the information given to the stock exchange today.
00:51You can also see on the screen the press release of Yes Bank.
00:55The bank has written on it that it would like to clarify that the content given by the media is factually incorrect.
01:02And this is completely speculative.
01:05RBI has not yet given any such in-principle approval as stated in this article.
01:12This clarification has been issued by the company voluntarily.
01:15And according to the need, Yes Bank has said to keep informing the stock exchanges about any important incident.
01:23And it has also been said that it will continue to do so, which is under the Regulation 30 of the Listing Regulation.
01:29This is for your information and important publication.
01:32This statement has been issued by Yes Bank.
01:36Yes Bank has also given a reference to an article published in the media on July 9, 2024 in this regulatory filing.
01:43The title of which is Yes Bank's 51% sale scheme has been approved by RBI.
01:48After this clarification, Yes Bank's share began to show business rapidly.
01:52And the share made an intraday high of Rs. 26.44.
01:56At 2.15 pm in the afternoon, Yes Bank's stock was trading at Rs. 25.99 per share at a rate of 1.21%.
02:05Yes Bank's 52-week high has gone up to Rs. 32.85 per share.
02:12If we talk about the share of Yes Bank, it has become State Bank of India, HDFC Bank, ICICI Bank, Kotec Mahindra, AXIS Bank, and LIC.
02:23Almost a third of all these shares are shares.
02:27Yes Bank has been in a lot of discussion.
02:29It is a private sector bank founded in 2004 by Rana Kapoor and Ashok Kapoor.
02:35Yes Bank's CEO Rana Kapoor has been released from jail after 4 years on April 19 this year.
02:41ED had arrested Rana Kapoor in March 2020 for loan related misconduct.
02:46ED and CBI are investigating many cases against Rana Kapoor.
02:50In addition, CBI has filed a total of 7 different FIRs against Rana Kapoor, including money laundering.
02:58If we talk about the shares in a year, then on October 23, 2023, the low level of a year ago was Rs. 14.10.
03:11From this level, it has jumped by 169% in 4 months and has come to Rs. 32.81 per year on February 9, 2024.
03:22The speculative news given by the media that Inprinciple has been approved by RBI to sell shares,
03:29Yes Bank has completely cleared it that there is nothing like that.
03:33After that, there is a surge in this share.
03:35Well, if we talk about this share, then experts say that if you hold this share for 5 years, then you can get a good return.
03:43That's all in the video.
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03:45Do tell by commenting.
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