Yes Bank launches up to $750 million share sale - term sheet | Reuters

MUMBAI Yes Bank Ltd, India's fifth-biggest private sector lender by assets, has launched a share sale to institutions to raise as much as $750 million, according to a deal term sheet seen by Reuters.The base size of the sale of new shares is $650 million and the bank has an option to increase it to $750 million, the term sheet showed.

The shares are being sold in a price range of 1455 rupees to 1500 rupees. The price range reflects a discount of 1.22 percent to 4.19 percent to the stock's Thursday closing price of 1,518.60 rupees on the National Stock Exchange.

Last September the lender shelved an up to $1 billion share sale a day after launching the deal.

Bank of America Merrill Lynch, CLSA, IIFL, Motilal Oswal are managing the latest share sale. (Reporting by S. Anuradha, Devidutta Tripathy and Savio Shetty; editing by David Clarke)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Mar 23, 2017 19:00 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See