 "YES Bank")
Set to launch its follow-on public offer (FPO) by the middle of this month, YES Bank is getting an indicative price range of Rs 12-15 a share from prospective investors, say bankers.
During roadshows, investors said they were keen to invest in the FPO. Considering the huge bad debt saddled with the bank, they would be able to invest at a significant discount to the current market price. On Wednesday, the YES Bank stock closed at Rs 26.95 a share.
An email sent to YES Bank did not elicit any response.
The bank has received shareholder approval to launch the
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