New Delhi, Oct. 29 -- The sell-off in Yes Bank deepened further in Thursday's trade on October 29, with the stock falling another 1.15% to Rs.15.43 apiece, marking its lowest level since April 2023. The decline has widened its October losses to 26%, putting the stock on track for its second consecutive monthly decline.

Yes Bank shares have come under pressure following the Supreme Court's decision to uphold the Bombay High Court judgment against the write-off of Rs.8,415 crore worth of Additional Tier-1 (AT-1) bonds, undertaken in March 2020 as part of the lender's reconstruction.

The verdict marks a significant victory for bondholders whose investments were cancelled during the bank's rescue six years ago.

On October 15, the apex cour...