Yes Bank To Consider Stock Split On July 26

Yes Bank is planning to split its equity shares of face value Rs 10 each. The bank will take the decision regarding stock split in its board meeting scheduled on July 26, 2017. The board meeting will also consider the unaudited financial results for the quarter ended June 30, 2017.

Yes Bank stock would be in focus for Tuesday’s trading session. The stock had closed higher by around 1.9% at Rs 1,492.75 per share. The percentage of deliverable quantity to traded quantity on Monday stood at 36.17%.

The stock ended as the top Bank Nifty gainer on Monday. Bank Nifty index closed higher by 61 points at 23,272 level. The stock split is an issue of new shares in a company to existing shareholders in proportion to their current holdings.

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