Rana Kapoor, Yes Bank's Founder says, even after he demits office as the bank's MD and CEO, he will never allow selling his shares.
In fact, Kapoor compares shares held in Yes Bank to Diamonds.
Kapoor made those assertions in a series of tweets on Thursday. The past week has been tumultuous for stocks of Yes Bank, after the banking regulator trimmed Rana Kapoor's stay as the CEO to January 2019.
Here are tweets from Yes Bank's CEO :
On Leadership Transition:
In this leadership transition at @YESBANK, I continue to remain fully committed to the interests of the Bank and all its stakeholders. I will be fully guided by the Board of Directors of YES BANK and the Reserve Bank of India— Rana Kapoor (@RanaKapoor_) September 28, 2018
Even after I demit office as MD & CEO of YES BANK, I will never ever sell my @YESBANK shares— Rana Kapoor (@RanaKapoor_) September 28, 2018
I will eventually bequeath my @YESBANK Promoter shares to my 3 daughters and subsequently to their children, with a request in my Will stating not to sell a single share, as Diamonds are Forever!!— Rana Kapoor (@RanaKapoor_) September 28, 2018
Diamonds are Forever: My Promoter shares of @YESBANK are invaluable to me— Rana Kapoor (@RanaKapoor_) September 28, 2018
Shares of the bank traded to 184.10 per share, down by 19.15 points or 9.42% in the trading session on Friday.