 "YES Bank")
Embattled YES Bank is all set to launch its follow-on public offer (FPO) to raise up to Rs 15,000 crore in the second week of July. The issue will have an anchor investor component of up to Rs 4,500 crore, said a banker close to the development.
The issue, to be managed by SBI Caps, will be launched at a substantial discount to the current market price to attract investors.
On Monday, the bank’s shares closed at Rs 27.75 apiece, giving it a market valuation of Rs 34,828 crore.
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