Yes Bank shares nosedive 20% after SC declares Rs 8,415 crore AT-1 bond write-off illegal

In a pivotal decision, India’s Supreme Court declared that the write-off of Yes Bank’s 84 billion rupee AT-1 bonds is unlawful, causing a steep decline in Yes Bank shares. The ruling offers solace to bondholders, who successfully argued that their investments were misrepresented. This landmark…

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