Yes Bank — not allowing retail investors to invest in yes bank @ rs10/- is discriminatory and against equality guaranteed in the constitution of india

Address:

396210

Sir,

I am a retail investor holding 4000 equity in yes bank. I am holding the shares for the past one and a half years. After averaging my current price is rs 110/-.

I am willing to invest in fresh equity offered to other institutional investors @ rs 10/-.

I and other retail investors have kept faith in yes bank for a long time and still today we know that the present situation in yes bank is temporary and will pass.in the next few years the bank will grow and improve, recover bad loans, raise more capital etc. It needed time and faith of investors.

We are willing to invest further in yes bank, if given the opportunity. Punters like jhunjhunwala and damani were given the opportunity to invest in the bank @ rs10/-, then the same opportunity should be given to retail investors.

As it is the rbi and yes bank management is looking for investors, both domestic and foreign. Then what is the harm to offer the shares to retail investors for rs 10/-. As it is the retail investors are being forced to lock in their shares for 3 years. Then by not giving us an opportunity to buy equity @ rs 10/- is discriminatory and against the principles of fairness and equality guaranteed in the constitution of india.

The law is equal to all citizens of india.

The important question to be asked is – why should the institutions get to profit by purchasing @ rs 10/- and why should retail investors not given the same opportunity?

Kindly put your hand on your heart and answer this question and let your conscience guide you to do the right thing.

Regards,

Manish soni.