Yes Bank shares up nearly 4%

Tags: Companies
Shares of Yes Bank rose by nearly 4 per cent today following reports that it has raised $ 500 million through an institutional placement of shares for funding its expansion.

The stock of the private sector bank rose by 3.56 per cent to settle at Rs 569.45 on the BSE. In intra-day trade, it had gained 4.79 per cent to Rs 576.25 .

On the NSE, the scrip surged 3.62 per cent to close the day at Rs 568.

In terms of volume, 8.48 lakh shares were traded at the BSE, while over 91 lakh shares changed hands at the NSE during the day.

The global Qualified Institutional Placement of shares received a response of $ 2.5 billion, getting oversubscribed by five times the offer size, the bank said in a statement after the market hours.

Investors from USA and Europe accounted for 40 per cent of the $ 2.5 billion in subscriptions, while Asia and domestic investors were at an equal 30 per cent, they added.

It said the issue of 5.35 crore shares was priced at Rs 550 apiece.

EDITORIAL OF THE DAY

  • Government must wake up to the woes of electricity generators

    India is not staring at a power crisis yet, but an estimated 46,000 mw of power capacities are at risk today.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Zehra Naqvi

Minimalism: declutter your life

When you imagine an ideal place to live, you think ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture