Yes Bank To Raise Funds Through Follow-On Public Offer, Stock Jumps Over 2%

Yes Bank shares jumped more than 2 per cent in morning trading, a day after the board of the private lender approved a plan to raise funds through a follow-on public offer. The Capital Raising Committee (CRC) of the board of directors, at its meeting held on July 7, approved fund raising through a follow-on public offer. At 9:55 am, the shares of Yes Bank were trading higher by 2.5 per cent at Rs 26.40. The stock hit an intra-day hig...