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Yes Bank raises Rs 1930 crore through QIP route

Capital Market 

Allots 23.1 crore equity shares to QIBs

Yes Bank has raised Rs. 1930 crore through the Qualified Institution Placement (QIP) route. The QIP opened on 08 August 2019 and closed on 14 August 2019.

The Bank allotted 23.1 crores equity shares of face value of Rs. 2 each to eligible qualified institutional buyers (QIBs) at Rs 83.55 per equity share.

The QIP increases the Bank's Total Capital Adequacy Ratio to 16.2%*, Tier I Ratio to 11.3%* and Core Equity Tier I Ratio to 8.6%*, ensuring that the Bank remains capitalized well above the regulatory limits.

*Post QIP Issuance considering position as at 30 June 2019 (including profits for the Q1FY20)

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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. 09:49 IST