The private sector lender had posted a net profit of Rs 113.76 crore in the same quarter previous fiscal
All that happened in the markets today
The stock slipped 10% to Rs 11.10 levels in early morning trade on the BSE.
Over 12.5 billion new shares issued in the FPO commenced trading on Monday
All that happened in the markets today
The private sector lender raised Rs 15,000 crore through FPO by issuing shares at the price of Rs 12 per share
This week, domestic equity markets will largely be steered by corporate earnings, developments on US-China relations front and Covid-19 trends
High-risk investors have shifted to the partly paid (PP) counter of Reliance Industries (RIL) to generate more bang for the buck
The bank had fixed a price band of Rs 12-13 for the public issue and raised nearly Rs 4,100 crore through anchor allotments by issuing shares at price of Rs 12 per share
The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said
The FPO generated bids for 8.5 billion shares, 93% of the 9.1 billion on offer, the data provided by the stock exchanges at 6 pm showed
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The company has fixed the price band at Rs 12-13 per equity share for its follow-on public offer (FPO) which will be open for subscription from July 15-17
The price band for the FPO is Rs 12 to Rs 13 per share; shares allotted to anchor investors are at the lower end of the price band
The private lender is in the capital market to raise equity worth Rs 15,000 cr via an FPO in the Rs 12-13 price band
NPA-adjusted valuations are not attractive; asset quality is a concern
The bank on Friday fixed floor price for its FPO at Rs 12 per share and a cap of Rs 13 per unit
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Market players said savvy traders are shorting YES Bank shares, given the steep discount between the current and the FPO prices