Over Rs 100-crore relief for ETFs as Yes Bank three-year lockup ends

The lock-in on 75% of shares had led fund houses to markdown holdings in ETF and index funds to 'zero', as per recommendation from valuation committee of Amfi

Exchange traded funds (ETFs) and index funds stand to pocket over Rs 100 crore by liquidating shares of Yes Bank following the end of a three-year lock-in period on the lender’s shares on Monday.

Fund houses will to pay this amount to the unitholders of their ETFs and index funds, who were forced to hold on to Yes Bank’s 75 per cent of shares due to the lock-in imposed by the Reserve Bank of India (RBI) as part of the reconstruction plan.

The lock-in on the 75 per cent of shares had led fund houses to markdown the holdings in