Yes Bank FPO issue price set at ₹12 per share, Are current investors disappointed?
Video description:
Yes Bank recently announced a 15,000 Cr FPO issue to exchanges. We have now learnt that the issue will happen at a price of ₹12 which comes as a major disappointment to current investors. The stock price took a sharp downward turn once investors learned that fresh capital is coming in at half the current stock price. This will be a second round to Yes Bank’s fundraising spree and the road to recovery post the mega fall we witnessed last year. The fundraising first began around six months ago when SBI and a few other prominent banks took equity stakes in YES. It seems that due to a significant discount to the market price, there is a good appetite for the following on the issue and it should see strong participation from some pedigree names. Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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