For Quick Alerts
For Daily Alerts

Yes Bank Shares Fall 9% After Board Announces FPO Band


In another round of fund raising by a lender, this time via the FPO route, Yes Bank shares in intra-trade on July 10, 2020 fell as much as 9% to day's low of Rs. 24.2 per share on the BSE.

This is after the company's board decided the FPO price band.

Capital Raising Committee (CRC) of the Board of Directors of the Yes Bank in its today's meet has approved the floor price at Rs 12 per equity share and cap price at Rs 13 per equity share.

Yes Bank Shares Fall 9% After Board Announces FPO Band

A discount of Re 1 per equity share has been offered to the eligible employees of the bank bidding in the employee reservation portion.

The minimum bid lot is of 1,000 equity shares and in the multiples of 1,000 equity shares thereafter.

A meet is again scheduled for July 14 to decide on the allocation of shares to anchor investors and setting price for them.

At 1:38 pm,the stock traded weak by 5% at Rs. 25.3 per share on the BSE.

Read more about: yes bank fpo
Story first published: Friday, July 10, 2020, 13:41 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more