Rana Kapoor’s firms allege bear hammering in Yes Bank stock; write to NSE, BSE

Money Control | Sep 13, 2019 at 10:28 AM
  • YES Capital and Morgan Credits, the two promoter shareholders of Yes Bank, have written to the surveillance departments of BSE and the National Stock Exchange (NSE) alleging that short sellers are hammering the stock by spreading negative messages about the bank.
  • Short sellers are market players who sell a stock, even though they do not own it.
  • The difference between the selling price and the buying price is their profit.