Yes Bank fell 4.37% to Rs 1,344 at 13:39 IST on BSE after the company launched a qualified institutional placement of shares to raise funds worth $1 billion.
The announcement was made after market hours yesterday, 7 September 2016.Meanwhile, the BSE Sensex was up 61.49 points, or 0.21%, to 28,987.85.
On BSE, so far 3.30 lakh shares were traded in the counter, compared with average daily volume of 1.78 lakh shares in the past one quarter. The stock hit a high of Rs 1,390.25 and a low of Rs 1,330.25 so far during the day. The stock hit a 52-week 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 outperformed the market over the past 30 days till 7 September 2016, 11.59% compared with 3% rise in the Sensex. The scrip had also outperformed the market in past one quarter, 35.10% as against Sensex's 8.08% rise.
The large-cap company has equity capital of Rs 421.35 crore. Face value per share is Rs 10.
Yes Bank announced opening of qualified institutions placement (QIP) of equity shares of face value Rs 10 each by the bank yesterday, 7 September 2016. The bank announced Rs 1,371.84 per share as the floor price. The bank may at its discretion offer a discount of up to 5% on the floor price in the QIP, the notification said.
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.
Yes Bank is one of the leading private sector banks in India.
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