Yes Bank’s Rs 15,000 crore follow-on public offer (FPO) has opened for subscription from July 15. The issue will close on July 17, 2020. The Bank is offering shares to the public in a price band of Rs 12-13, amounting to around 45 per cent discount to Tuesday's closing price of Rs 20.95 a share.
The Capital Raising Committee (CRC) of the board of directors, at its meeting held on July 7, had approved fund raising through a follow-on public offer in order to help the lender to meet its capital requirements for the next two years.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
