New Delhi: Yes Bank on Wednesday said it has raised ₹1,930.46 crore through qualified institutional placement (QIP) to fund its business expansion.
The QIP opened on 9 August and closed on Wednesday, the bank said in a regulatory filing.
With respect to the issue, it said the bank approved the issue price of ₹83.55, including a share premium of ₹81.55 per share which is at a discount of 4.95% to the floor price of ₹87.90 per equity.
The bank offered 23.10 crore shares aggregating to 9.96% of the share capital as against a limit of 10% of pre-issue share capital as approved by the shareholders, it said.
