Yes Bank issues clarification regarding QIP

The clarification was regarding the QIP issued on August 8, 2019.

Aug 13, 2019 09:08 IST India Infoline News Service

Yes Bank
Shares of Yes Bank ended ~11% down in today's trade.

The bank issued a clarification on the NSE today just before the closure of market hours.

It stated, "It has been brought to the notice of Yes Bank management today that there are some rumors regarding the recently launched QIP on August 08, 2019. Through this intimation, we would like to confirm to the market participants, that the Board's Capital Raising Committee ("CRC") will consider and approve, amongst other things, the issue price for Equity Shares in respect of the QIP on August 14, 2019 (as was earlier communicated vide exchange release dated August 08, 2019). This intimation is intended to put to rest unnecessary speculation/ rumors being spread regarding the QIP."

Yes Bank Ltd is currently trading at Rs73.10 down by Rs9 or 10.96% from its previous closing of Rs82.10 on the BSE.

The scrip opened at Rs84 and has touched a high and low of Rs84.35 and Rs72.85 respectively. So far 21,99,59,110 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs19,039.35cr.

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