The Hindu Business Line : YES Bank clarification

YES Bank today said the SEBI findings on manipulation in its shares are part of the IPO allotment process and the "bank is not the specific subject of any scam."

Referring to the SEBI order on manipulation in the YES Bank IPO shares, the Bank in a statement on Friday said: "The SEBI order has only indicted certain rogue investors and has mandated further probe into a certain Depository Participants and, if required, into certain Registrar and Merchant Bankers".

"As indicated in the SEBI order, the YES Bank Ltd IPO was just one of several recent IPOs for which data has been collected to investigate the alleged misuse of IPO processes by some retail public investors," it said.

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