Yes Bank Ltd. on Wednesday said it has raised Rs 1,930.46 crore through qualified institutional placement to fund its business expansion.
The QIP opened on Aug. 9 and closed on Wednesday, the bank said in a regulatory filing.
With respect to the issue, it said the bank approved the issue price of Rs 83.55, including a share premium of Rs 81.55 per share which is at a discount of 4.95 percent to the floor price of Rs 87.90 per equity.
The bank offered 23.10 crore shares aggregating to 9.96 percent of the share capital as against a limit of 10 percent of pre-issue share capital as approved by the shareholders, it said.
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