YES Bank Ltd board approves floor price of Rs. 12 for FPO

The Capital Raising Committee of the Board of Directors of YES Bank Ltd ("CRC"), at its meeting held earlier today i.e., July 10, 2020 has approved the following in relation to the Offer:

Floor Price: Rs. 12 per Equity Share
Cap Price: Rs. 13 per Equity Share

- A discount of Rs. 1.00 per Equity Share for the eligible employees of the Bank bidding in Employee Reservation Portion; and

- A minimum bid lot of 1,000 Equity Shares and in the multiples of 1,000 Equity Shares thereafter.

The meeting of the CRC commenced at 10.00 am and the meeting was concluded at 11.45 am. Please note that a meeting of the CRC is scheduled to be held on July 14, 2020 for the purposes of allocation of Equity Shares to the successful Anchor Investors pursuant to the Offer and for determination of the Anchor Investor Allocation Price.

Shares of YES BANK LTD. was last trading in BSE at Rs.26.65 as compared to the previous close of Rs. 26.1. The total number of shares traded during the day was 4658538 in over 16473 trades.

The stock hit an intraday high of Rs. 27.5 and intraday low of 26.2. The net turnover during the day was Rs. 124557922.

Source : Equity Bulls

Keywords