INSUBCONTINENT EXCLUSIVE:

Yes Bank: Yes Bank raises Rs 1,930 crore via QIP - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from

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Bonds - MoreThe bank’s shares ended at Rs 76.55 per share, up 4.01 per cent on Wednesday

ET Bureau|Aug 15, 2019, 08.23 AM ISTBCCLThe shares were sold at Rs 83.55 per share, a 4.95 per cent discount to the floor price of Rs 87.90

set by the bank.Mumbai: Yes Bank has raised a total of Rs 1,930 crore by selling shares to institutional investors from India and abroad

through a qualified institutional placement (QIP), the bank said in a notice to the stock exchanges

The shares were sold at Rs 83.55 per share, a 4.95 per cent discount to the floor price of Rs 87.90 set by the bank. The bank’s shares

ended at Rs 76.55 per share, up 4.01 per cent from their previous close, on the BSE on Wednesday. Last week ET had reported that HDFC Mutual

Fund and Aditya Birla Mutual Fund and foreign funds including UK’s Ashmore Investment Management, Tosca Asset Management and Marshall Wace

LLP and Hong Kong based Segantii Capital Management had subscribed to the issue. Yes Bank launches QIP to raise $285 millionYES Bank’s

$300 million QIP subscribed 1.4 timesYES Bank rallies 7% as marquee HNI, PE players lineup for QIPYES Bank may launch QIP this week; shares

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