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Yes Bank revives QIP, to raise up to $750 million

Yes Bank revives QIP, to raise up to $750 million

Thursday, March 23, 2017, 9:10 PM

Private sector lender Yes Bank Ltd revived its qualified institutional placement (QIP) issue on Thursday with a reduced size of $750 million after its attempt to raise $1 billion in September flopped. According to two merchant bankers in the know, the bank has opened an issue worth $650 million with an option to retain a further $100 million.
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