YES Bank falls for second straight day, down 15% against QIP price

CG Power and Industrial Solutions has recognised "unauthorised transactions" and related financial irregularities in the company. YES Bank holds 12.79 per cent stake in CG Power

Shares of YES Bank were trading lower for the second straight day, down 7 per cent at Rs 71 on the BSE on Tuesday. The stock has fallen 10 per cent in the past two days, despite the company successfully raising Rs 1,930 crore through the qualified institutional placement (QIP) route last week.

The stock was trading 15 per cent lower than its QIP price. The private sector lender's share price is less than 1 per cent away from its 52-week low level of Rs 70.50, touched on August 14, 2019 in intra-day deal.

Meanwhile, CG Power and