YES Bank FPO to open on July 15, raise up to Rs 15,000 crore

Private sector lender YES Bank on Thursday said it has filed a red herring prospectus to raise up to Rs 15,000 crore through issuance of fresh equity shares in its further public offering (FPO).

The offer will open on July 15, 2020 and close on July 17, 2020.

Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering.

"The bank has filed a red herring prospectus dated July 7, 2020 (RHP), in connection with the offer, with the Registrar of Companies, Maharashtra at Mumbai," YES Bank said in a