 "Yes Bank")
Private sector lender YES Bank has raised Rs 1,930 crore via issuance of equity shares under the qualified institutional placement (QIP) route, which closed on Wednesday.
Shares were issued at Rs 83.55 apiece. Shares of YES Bank last traded at Rs 76.6. The share issuance has led to 9.96 per cent dilution. Motilal Oswal, CLSA, JM Financial, Prime Securities and YES Securities were the investment banks that handled the QIP.
Initially, YES Bank had plans to raise $1 billion. However, that could have entailed a much higher dilution, given the weakness in the lender’s stock price. Shares of the bank
