Yes Bank zooms on receiving binding offer of Rs 8,500 crore from global investor

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Yes Bank is currently trading at Rs. 72.70, up by 15.55 points or 27.38% from its previous closing of Rs. 56.80 on the BSE.

The scrip opened at Rs. 56.20 and has touched a high and low of Rs. 76.65 and Rs. 54.90 respectively. So far 56875000 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 285.90 on 3-April-2019 and a 52 week low of Rs. 29.05 on 1-Oct-2019.

Last one week high and low of the scrip stood at Rs. 76.65 and Rs. 45.75 respectively. The current market cap of the company is Rs. 18,502.66 crore.

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The promoters holding in the company stood at 13.05%, while Institutions and Non-Institutions held 45.81% and 41.14% respectively.

Yes Bank has received a binding offer for a $1.2-billion (approximately 8,500 crore) funding from an overseas investor through fresh issuance of equity shares. The fund raise is subject to regulatory approvals and bank’s board and shareholders approvals. The bank also continues to be in advanced discussions with other global and domestic investors.

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Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.