Yes Bank Ltd approves allotment of 53492272 shares at Rs. 550

In respect of the QIP, the Capital Raising Committee of Yes Bank Ltd has, at its meeting held on June 05, 2014, approved the issue and allotment of 53,492,272 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 550.00 per Equity Share, which is at a discount of Rs. 0.04 per Equity Share on the Floor Price of Rs. 550.04 per Equity Share, aggregating to approximately Rs. 29,420.75 million under the SEBI Regulations and Section 42 of the Companies Act, 2013 (including the rules made thereunder).

Shares of YES BANK LTD. was last trading in BSE at Rs.574.25 as compared to the previous close of Rs. 581.15. The total number of shares traded during the day was 410649 in over 15160 trades.

The stock hit an intraday high of Rs. 587.85 and intraday low of 569.45. The net turnover during the day was Rs. 237841751.

Source : Equity Bulls

Keywords