Yes Bank rose 0.90% to Rs 1,296 at 9:33 IST on BSE after the bank said it raised Rs 2135 crore through senior long term infrastructure bonds.
The announcement was made after market hours yesterday, 4 October 2016.Meanwhile, the BSE Sensex was up 55.05 points, or 0.19%, to 28,389.60.
On BSE, so far 20,000 shares were traded in the counter, compared with average daily volume of 2.55 lakh shares in the past one quarter. The stock hit a high of Rs 1,297 and a low of Rs 1,288 so far during the day. The stock hit a record high of Rs 1,450 on 7 September 2016. The stock hit a 52-week low of Rs 632.25 on 20 January 2016. The stock had underperformed the market over the past 30 days till 4 October 2016, falling 7.50% compared with 0.69% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 14.02% as against Sensex's 4.30% rise.
The large-cap private sector bank has equity capital of Rs 421.66 crore. Face value per share is Rs 10.
Yes Bank announced that it has successfully raised Rs 2135 crore through senior long term infrastructure bonds. The issue was closed on 30 September 2016 and witnessed strong demand from leading domestic investors resulting in a total subscription of the issue. The issue was subscribed 2.13 times. The bonds will be listed on BSE and were raised at a coupon rate of 8% per annum with a tenor of 10 years. The proceeds will be used to finance long term projects in infrastructure and its allied sub-sectors.
Yes Bank's net profit rose 32.8% to Rs 731.80 crore on 25.4% growth in operating income to Rs 4762.83 crore in Q1 June 2016 over Q1 June 2015.
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Yes Bank is one of the leading private sector banks in India.
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