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Last Updated : Aug 09, 2019 08:42 PM IST | Source: Moneycontrol.com

3-Point Analysis | Will QIP protect the downside for Yes Bank?

The floor price was set at Rs 87.9 per share and at no more than a five percent discount

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Yes Bank decided to raise nearly Rs 2,000 crore by selling shares through a qualified institutional placement(QIP).

The floor price was set at Rs 87.9 per share and at no more than a five percent discount. However, the QIP was much lower from the earlier plan to raise $1 billion.

Moneycontrol's Jerome Anthony does a 3-Point Analysis of the QIP and finds out if this will solve the bank's problems.

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First Published on Aug 9, 2019 08:42 pm
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