The floor price was set at Rs 87.9 per share and at no more than a five percent discount
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.Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.