Yes Bank raises 1,930 crore via QIP

  • Yes 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
  • The QIP opened on 9 August and closed 14 August

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.

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