YES Bank Ltd allots 12,50,44,33,750 Equity Shares raising Rs. 15,000 crores through FPO

The Capital Raising Committee of the Board of Directors of YES Bank Ltd ("CRC") at its meeting held today (i.e., July 23, 2020) has approved the allotment of 12,50,44,33,750 Equity Shares of face value of Rs. 2 each, for an amount aggregating to Rs. 15,000.00 crores, pursuant to the Offer.

Pursuant to the allotment of Equity Shares in the Offer, the paid-up Equity Share capital of the Bank stands increased from Rs. 25,100,944,462 to Rs. 50,109,811,962.

Shares of YES BANK LTD. was last trading in BSE at Rs.14.75 as compared to the previous close of Rs. 18.25. The total number of shares traded during the day was 41066562 in over 89281 trades.

The stock hit an intraday high of Rs. 16.5 and intraday low of 14.6. The net turnover during the day was Rs. 625444470.

Source : Equity Bulls

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