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 percent discount to Tuesday's closing price of Rs 20.95 a share.
The bank intends to use proceeds towards ensuring adequate capital to support its growth and expansion, including enhancing its solvency and capital adequacy ratio. Kotak Mahindra Capital Company, SBI Capital Markets, Axis Capital, Citigroup Global Markets India, DSP Merrill Lynch, HSBC Securities and Capital Markets (India), ICICI Securities and Yes Securities India are lead managers for the issue.
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.
