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Yes Bank to launch QIP Thursday, looks to raise $600 million

Yes Bank to launch QIP Thursday, looks to raise $600 million

Thursday, March 23, 2017, 4:38 PM

Yes Bank, India’s fifth largest bank, may launch a USD 600 million qualified institutional placement (QIP) today, sources told CNBC-TV18. It could be priced at Rs 1,499 per share based on Securities and Exchange Board of India (SEBI)-calculated average. The bank had called off a QIP offer for USD 1 billion in September last year.
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