YES Bank board may take a call on June 22 to raise Rs 10,000 cr via FPO

by mehekkaoberoi
  • The YES Bank board is meeting on June 22 to take a call to raise up to Rs 10,000 crore via a follow-on share sale to help boost its capital base.
  • The bank is likely to file for its offer document soon after the board clears the fundraising plan.
  • The shares for the FPO (follow-on public offer) will be priced as per the Securities and Exchange Board of India (Sebi) formula.
  • YES Bank closed at Rs 28 a share on June 19, giving it a total market valuation of Rs 35,141 crore. An email sent to YES Bank did not elicit any response.
0 comment

Related Articles