Yes Bank’s Rs.15000 Cr FPO to open on 15th July

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Mumbai: Private sector lender Yes Bank has filed a Red herring prospectus (RHP) with the registrar of companies, Maharashtra on 7th of July for a follow-on public offer (FPO) of equity shares of the face value of Rs.2 each.

The shares of the bank added over 5 per cent in the early trade on July 9 on reports of fresh investments by SBI. Yesterday, the public sector banking giant had announced that it will invest Rs.1760 Crore in the private lender.

Details of the FPO

  • Offer size: Up to Rs.150,000 million, by way of a fresh issue of Equity Shares, including an employee reservation portion of up to Rs.200 crore.
  • Offer Opening Date: July 15, 2020;
  • Offer Closing Date: July 17, 2020; and
  • Anchor Investor Bidding Date: July 14, 2020.

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