YES Bank sets floor price of Rs 12 per equity share for FPO issue

Lender will end up issuing 11.54-12.5 billion fresh equity shares; FPO will lead to 50% per dilution in current equity base of 12.55 billion shares

YES Bank has set a floor price of Rs 12 per equity share for its follow-on public offer (FPO), by way of which it aims to raise Rs 15,000 crore in order to meet capital adequacy ratio norms. The capital raising committee (CRC) of the YES Bank board approved of this during its meeting, the lender said in a BSE filing. The threshold price for the FPO has been set at Rs 13 per unit.

The FPO will be during July 15-17. The YES Bank stock closed 4.32 per cent lower, at Rs 25.5 on the BSE. It has also fixed