ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Web Stories
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • IPL 2023
    • Karnataka Elections 2023
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Yes Bank to raise $ 1 billion via QIP

The company plans to utilize the net proceeds of the issue for meeting capital requirement under Basel III norms and ensuring adequate capital to support growth and expansion, as per the release. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Yes Bank to raise $ 1 billion via QIP
The shares would be offered to institutional investors at lower price band Rs 1350 and upper price band Rs 1410 per share. Photo: Pixabay

Yes Bank on Wednesday, announced that it has received boards approval for raising $ 1 billion (approximately Rs 6640 crore) via qualified institutional buyers (QIP). 

The company plans to utilize the net proceeds of the issue for meeting capital requirement under Basel III norms and ensuring adequate capital to support growth and expansion, as per the release. 

Among the lead managers of Yes Bank for the offer as QIP were Goldman Sachs (India) Securities Pvt. Ltd, Motilal Oswal Investment Advisors Pvt. Ltd and CLSA India. 

Overall, Yes Bank has appointed 11 banks to manage the share sale.

The shares would be offered at lower price band Rs 1350 and upper price band Rs 1410 per share. 

The bank may at its discretion offer a discount of upto 5% on the floor price in the QIP. 

This would be the biggest launch in QIPs considering that it has been travelling under five year low since the start of the financial year 2017. 

As per Prime Database as on August, 2016, companies have been lackluster towards QIP by raising Rs 645 crore with just 6 companies entering in this group. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Yes BankQualified Institutional Placement (QIP)MarketsInvestmentMotilal Oswal Investment AdvisorsGoldman Sachs (India) Securities
Written By: ZeeBiz WebTeam
Updated: Wed, Sep 07, 2016
11:12 pm
Mumbai , ZeeBiz WebDesk
RELATED NEWS
Yes Bank shares suffer sharp losses after Q4 results — what's worrying investors? Yes Bank shares suffer sharp losses after Q4 results — what's worrying investors?
Yes Bank shares plunge; SBI may trim stake as three-year lock-in ends Yes Bank shares plunge; SBI may trim stake as three-year lock-in ends
Amazon Mega Electronics Day Sale is Live now, offers heavy discounts on laptops, headphones, tablets, and these gadgets Amazon Mega Electronics Day Sale is Live now, offers heavy discounts on laptops, headphones, tablets, and these gadgets
ALERT! Important communication for account holders of this bank ALERT! Important communication for account holders of this bank

LATEST NEWS

'Strong, trustworthy': Anil Singhvi has a big long-term 'buy' on HDFC Bank

How to get maximum health insurance coverage at minimum premium? – Expert answers

EXPLAINED: The future of foldable smartphones

Coal India shares edges lower as OFS opens for retail investors today

E-commerce platform Meesho crosses 500 mn downloads

Has digitalisation impacted the pen industry? Find out

Ponniyin Selvan II premieres on Prime Video — check OTT release date

Coromandel Express accident: 70 people dead, over 350 injured, say officials as 12841 Shalimar-Chennai train derails in Odisha's Balasore

Here’s why Akhand Bharat mural in new Parliament building stirs controversy

Coromandel Express Train Accident: RailMadad, helpline, state govt and Railways control room numbers

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. Indiadotcom Digital Private Limited. All Rights Reserved.
LIVE TV