YES Bank shares jump 5% as Rs 15,000 crore FPO to open on July 15

Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO

Shares of YES Bank rose as much as 5.36 per cent to Rs 27.50 on the BSE on Thursday after the bank said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering (FPO). The offer will open on July 15, 2020 and close on July 17, 2020.

Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering.

"The bank has filed a red herring prospectus dated July 7, 2020 (RHP), in connection