Yes The bank collects Rs 1,930 crore through QIP
NEW DELHI: Yes bank on Wednesday he said he has raised Rs 1,930.46 crore qualified institutional placement ( QIP ) to finance your business expansion .
The QIP opened on August 9 and closed on Wednesday, the bank said in a regulatory filing.
Regarding the issue, he said the bank approved the issuance price of Rs.85.55, including a premium per share of Rs.85.55 per share, which has a discount of 4.95 percent over the minimum price of 87 , 90 rupees for capital.
The bank offered Rs. 23.10 million, which adds up to 9.96 percent of the share capital compared to a 10 percent limit. social capital prior to issuance as approved by shareholders, he said.