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YES BANK Further Public Offering (FPO) completed
MUMBAI, July 17, 2020: YES BANK announced the completion of its Further Public Offering (FPO) of INR 15,000 crore*.
Prashant Kumar, MD & CEO, YES BANK said, “We are pleased with the completion of our further public offering and would like to thank all the investors, partners and employees who have supported the issue. It is an important step in our journey of transformation and is a testament to the trust placed in the institution.”
The Issue was made through book building process in accordance with regulation 129(1) of the SEBI ICDR Regulations where allocation to QIBs is up to 50%, Non-Institutions Bidders is not less than 15% and Retail Individual Bidders is not less than 35%.
Book Running Lead Managers appointed to the issue were Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited, Axis Capital Limited, Citigroup Global Markets India Private Limited, DSP Merrill Lynch Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited and YES Securities (India) Limited.
* Subject to finalisation of Basis of Allotment.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
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