The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said
The FPO generated bids for 8.5 billion shares, 93% of the 9.1 billion on offer, the data provided by the stock exchanges at 6 pm showed
Book review of The Gated Republic: India's Public Policy Failures and Private Solutions
LIC, SBI asked to chip in to meet demand shortfall, says sources
The company has fixed the price band at Rs 12-13 per equity share for its follow-on public offer (FPO) which will be open for subscription from July 15-17
The price band for the FPO is Rs 12 to Rs 13 per share; shares allotted to anchor investors are at the lower end of the price band
The private lender is in the capital market to raise equity worth Rs 15,000 cr via an FPO in the Rs 12-13 price band
NPA-adjusted valuations are not attractive; asset quality is a concern
The bank on Friday fixed floor price for its FPO at Rs 12 per share and a cap of Rs 13 per unit
Pain and uncertainty will be a way of life for many banks in 2021. For a few, the light at the end of the tunnel has turned into a flicker
Market players said savvy traders are shorting YES Bank shares, given the steep discount between the current and the FPO prices
Lender will end up issuing 11.54-12.5 billion fresh equity shares; FPO will lead to 50% per dilution in current equity base of 12.55 billion shares
YES Bank is planning to raise Rs 15,000-crore through the FPO
Yes Bank's FPO offer will open on July 15, 2020 and close on July 17, 2020
From IT companies facing problems in hiring fresh candidates, Voda defaulting on June payments, TCS reporting fall in net profits, here are the top headlines on Friday morning
The last successful FPO to hit the domestic market was in 2014 by Engineers India. Apart from that, only three others have successfully launched an FPO
These properties include Rana Kapoor's plush bungalow in Delhi at 40, Amrita Shergil Marg and his Mumbai flats in Worli and at Indiabulls One worth Rs 1,200 crore
Here are the top headlines of the day
Properties of DHFL promoter brothers Kapil and Dheeraj Wadhawan have also been attached as part of a provisional order issued by it under the Prevention of Money Laundering Act
All that happened in the markets today