YES Bank approves allotment of 369,61,55,702 shares, 255,97,61,818 warrants

The board of directors of YES Bank Ltd in its meeting held today i.e., December 13, 2022 has considered and approved the allotment of a total of 369,61,55,702 (Three Hundred Sixty Nine Crore Sixty One Lakh Fifty Five Thousand Seven Hundred and Two) equity shares of face value Rs. 2/- (Rupees Two only) each and 255,97,61,818 (Two Hundred Fifty Five Crore Ninety Seven Lakh Sixty One Thousand Eight Hundred and Eighteen) share warrants convertible into equity shares of face value Rs. 2 /- (Rupees Two only) each on a preferential basis to CA Basque Investments ("Investor I") and Verventa Holdings Limited ("Investor II") in the following manner:

- CA Basque Investments: 184,80,77,851 (One Hundred Eighty Four Crore Eighty Lakh Seventy Seven Thousand Eight Hundred and Fifty One) equity shares of face value of Rs. 2/- (Rupees Two only) each at an issue price of Rs. 13.78/- (Rupees Thirteen and Paise Seventy Eight only) and 127,98,80,909 (One Hundred Twenty Seven Crore Ninety Eight Lakh Eighty Thousand Nine Hundred and Nine) share warrants carrying a right to exercise, get issued and allotted 1 (One) equity share of face value of Rs. 2/- (Rupees Two only) for each warrant, at a price of Rs. 14.82/- (Rupees Fourteen and Paise Eighty Two only)

- Verventa Holdings Limited: 184,80,77,851 (One Hundred Eighty Four Crore Eighty Lakh Seventy Seven Thousand Eight Hundred and Fifty One) equity shares of face value of Rs. 2/- (Rupees Two only) each at an issue price of Rs. 13.78/- (Rupees Thirteen and Paise Seventy Eight only) and 127,98,80,909 (One Hundred Twenty Seven Crore Ninety Eight Lakh Eighty Thousand Nine Hundred and Nine) share warrants carrying a right to exercise, get issued and allotted 1 (One) equity share of face value of Rs. 2/- (Rupees Two only) for each warrant, at a price of Rs. 14.82/- (Rupees Fourteen and Paise Eighty-Two only).

Pursuant to the allotment of the said equity shares, the total issued and paid-up share capital of YES Bank Limited ("Bank") has increased from Rs. 5011,31,39,962/- (Rupees Five Thousand Eleven Crore Thirty One Lakh Thirty Nine Thousand Nine Hundred and Sixty-Two only) to Rs. 5750,54,51,366 (Rupees Five Thousand Seven Hundred Fifty Crore Fifty-Four Lakh Fifty-One Thousand Three Hundred and Sixty-Six only).

Shares of Yes Bank Limited was last trading in BSE at Rs. 23.95 as compared to the previous close of Rs. 21.05. The total number of shares traded during the day was 68871973 in over 56932 trades.

The stock hit an intraday high of Rs. 24.40 and intraday low of 21.40. The net turnover during the day was Rs. 1568623473.00.

Source : Equity Bulls

Keywords

YesBank INE528G01035 FundRaising EquityShares ConvertibleWarrants