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Yes Bank allots 2.31 crore equity shares under QIP issue

Capital Market 

On 15 August 2019

Yes Bank has allotted 231,055,018 equity shares of face value Rs 2 each to the eligible qualified institutional buyers at the issue price of Rs 83.55 per Equity Share (which takes into account a discount of 4.95%), to the floor price of Rs 87.90 per Equity Share, aggregating Rs 1930.46 crore on 15 August 2019.

Pursuant to the allotment of Equity Shares in the Issue, the paid up Equity Share capital of the Bank stands increased to Rs 5100.06 crore consisting of 2,550,309,931 Equity Shares of face value of Rs 2 each.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, August 16 2019. 09:58 IST