Yes Bank of the private sector has taken such a decision, due to which the share of Essel Group company G Learn fell by about 20 percent. In fact, the company’s stock fell sharply after Yes Bank moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against G Learn.
What’s up with the stock: In the BSE Sensex, Zee Learn’s stock closed at Rs 11.27 per share, down 19.27 per cent. During the day, it had fallen 19.77 percent to Rs 11.20 per share. On the NSE too, the company’s stock closed at Rs 11.25 per share, down 19.35 per cent. Talking about the market capital, it is Rs 367.51 crore.
According to a regulatory filing, the private sector bank has moved the NCLT to initiate insolvency proceedings against Zee Learn. The company said that Yes Bank Ltd has allegedly claimed that the amount of default as a financial facility is Rs 468 crore.
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Yes Bank share status: At the end of trading, the share price of Yes Bank closed at Rs 13.73. The market capital is Rs 34,400 crore.