YES Bank fixes offer price of FPO as Rs. 12

The Board of Directors of YES Bank, at its meeting held earlier today (i.e., July 18, 2020) has approved the offer price as Rs. 12 per Equity Share and anchor investor offer price as Rs. 12 per Equity Share.

The board also approved discount of Rs. 1 per Equity Share to successful eligible employees bidding in the employee reservation portion.

Additionally, the Board of Directors of the Bank approved and adopted the prospectus ("Prospectus"), in connection with the Offer. The Prospectus will be filed with the Registrar of Companies, Maharashtra at Mumbai, and will subsequently be filed with the Securities and Exchange Board of India and BSE Limited and National Stock Exchange of India Limited.

Shares of YES BANK LTD. was last trading in BSE at Rs.19.8 as compared to the previous close of Rs. 19.25. The total number of shares traded during the day was 7700865 in over 27920 trades.

The stock hit an intraday high of Rs. 20.7 and intraday low of 18.1. The net turnover during the day was Rs. 148301799.

Source : Equity Bulls

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