Yes Bank, India’s fifth largest private sector bank, has launched a $650 million Qualified Insitutional Placement (QIP) issue with an option to upsize to $750 million. The bank set a floor price of Rs 1,498.95 for the offer, a slight discount to the closing price of its shares on March 23, 2017. This QIP sale comes more than six months after the bank withdrew a similar issue in September last year. The issue size is $650 million with an option to raise another $100 million.
Yes Bank has reported 30.62% rise in its net profit at Rs 882.63 crore for the quarter ended December 31, 2016 as compared to Rs 675.74 crore for the same quarter in the previous year. Total income of the Bank increased by 26.88% at Rs 5229.96 crore for Q3FY17 as compared Rs 4122.12 crore for the corresponding quarter previous year.
| Company Name | CMP |
|---|---|
| HDFC Bank | 781.20 |
| ICICI Bank | 1264.80 |
| Axis Bank | 1269.40 |
| Kotak Mahindra Bank | 380.75 |
| Indusind Bank | 949.85 |
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