Sharp and immediate fall! Yes Bank share price crash 10% after SC ruling on ₹8,415 crore AT-1 bond write-off

Yes Bank shares witnessed a sharp decline of 10% after the Supreme Court ruled to quash ₹8,415 crore of Additional Tier 1 (AT-1) bonds.

The ruling has significant implications for the bank's capital structure and may impact its ability to raise capital in the future.