YES Bank hits 10% lower circuit after listing of shares allotted in FPO

The private sector lender raised Rs 15,000 crore through FPO by issuing shares at the price of Rs 12 per share

Shares of YES Bank were locked in 10 per cent lower circuit at Rs 12.30 on the BSE on Monday after the listing of fresh shares allotted in the follow-on public offer (FPO).

Till 09:17 am, a combined 198.51 million equity shares had changed hands and there were pending sell orders for 360 million shares on the NSE and BSE, exchange data shows.

"12,504 million equity shares of YES Bank are listed and admitted for trading on the exchange with effect from July 27, 2020. These shares rank pari-passu with the existing equity shares of the company," said