Categories: Business

YES Bank garners Rs 4500 Crore from anchor investor

Photo: PTI

yes bank

new Delhi. Private sector Yes Bank raised Rs 4,500 crore from anchor investors on Tuesday ahead of its FPO. Investment banking sources said that various investors, including Foreign Portfolio Investors (FPIs), have been allocated shares at the value of Rs 12 per share as part of the anchor investors. These investors include US-based asset manager Tilden Park, Singapore-based fund management company Amansa Capital and UK-based fund management firm Jupiter Fund. Apart from this, investors who have invested include Elara Capital, RBL Bank, Leyland Finance, HDFC Life Insurance and ICICI Prudential Mutual Fund.

The bank's FPO opens on Wednesday. The price range for Yes Bank's FPO has been fixed at Rs 12-13 per share. The FPO will open on July 15 and close on July 17. Yes Bank wants to ensure adequate capital for its growth and expansion. It aims to raise Rs 15,000 crore through this issue.

This post was published on July 15, 2020 2:16 am

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