Yes Bank garners Rs 4,500 cr from anchor investors ahead of FPO

The company has fixed the price band at Rs 12-13 per equity share for its follow-on public offer (FPO) which will be open for subscription from July 15-17

Private sector lender Yes Bank on Tuesday said it has raised around Rs 4,100 crore from anchor investors ahead of its follow-on public offer that opens on Wednesday.

The company has decided to allocate 3,415,384,614 shares at Rs 12 per share to anchor investors, taking the total to Rs 4,098.5 crore, Yes Bank said in a regulatory filing to stock exchanges.

These investors include US-based alternative asset manager Tilden Park Capital Management's Bay Tree India Holdings, Singapore-based fund management company Amansa Capital and UK-based fund management firm Jupiter Fund.

Other investors are Elara Capital, RBL Bank, Hinduja Group's Leyland Finance, HDFC Life Insurance