Yes Bank falls 1% on declaration of Cox & Kings as willful defaulter

Yes Bank Ltd. fell 1% on Wednesday on the NSE after the company reported Cox & Kings as willful defaulters.

Yes Bank Ltd. fell 1% on Wednesday on the NSE after the company reported Cox & Kings as willful defaulters.

The share opened at Rs 12.90 with previous closing at Rs 12.95. It was trading at Rs 12.80 by mid-trade, down by 1.15%.

Yes Bank has classified Cox & Kings Financial Services, and related entity Ezeego One Travel and Tours as defaulters. The total exposure to the holiday companies is valued at Rs 1,862 crore.

The private sector bank stock has fallen 56% in the last 6 months. It has reached a 52-week high of Rs 87.30.

Recently, the Bombay High Court has extended interim orders in the case relating to AT1 bond holders.