Yes Bank eyes Rp19bn from QIP

Indian rupees 230-150x
By Jonathan Breen
09 Aug 2019

India's Yes Bank is aiming to raise up to Rp19.4bn ($275m) from a qualified institutional placement, according to a source familiar with the matter.

The firm has appointed CLSA, JM Financial, Motilal Oswal, Prime Securities and Yes Securities as global co-ordinators and bookrunning lead managers to run the sale of primary shares.

The syndicate kicked off the deal at 4pm in Mumbai on Thursday, after local markets closed. Investors can place orders ...

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