Shares of Yes Bank ended 4 per cent lower today after the company deferred its plans to raise USD 1 billion, citing extreme volatility in trading due to misinterpretation of new QIP guidelines.
After plunging 6 per cent to Rs 1,250.35 in intra-day trade on BSE, shares of the company finally ended at Rs 1,277.25, down 4.01 per cent over previous close.
At NSE, shares of the company slipped 3.91 per cent to close at Rs 1,276.25.
The company's market valuation fell by Rs 2,215.67 crore to Rs 53,816.33 crore on BSE.
On the volume front, 17 lakh shares of the company were traded on BSE and over one crore shares changed hands on NSE during the day.
Yes Bank's stock had closed 5.32 per cent down in the previous session also.
Due to extreme volatility during yesterday's trading day because of misinterpretation of new QIP guidelines, Yes Bank has been advised by its appointed merchant bankers to defer its proposed QIP, the company had said.
Earlier in June, Yes Bank Managing Director and Chief Executive Officer Rana Kapoor had said the bank will raise USD 1 billion from overseas investors in the current fiscal.
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