Portions of the private area loan specialist, Yes Bank, notwithstanding hardly any meetings, have reliably been falling since the evaluating declaration of the further open issue worth Rs 15,000 crore.
Since June 10, when the bank evaluated its FPO at a precarious rebate from the market cost around then, the stock has lost 40 percent of its worth
On July 20, it was down 7 percent intraday and at 11:45 hours IST, it declined 2.02 percent to Rs 19.40 on the BSE.
The bank in meeting with trader investors had fixed FPO cost at Rs 12-13 for every offer, which was 60-56.5 percent rebate to the offer cost of June 9.
Greater part of offers came in at lower end of value band for example Rs 12. Truth be told, stay financial specialists on July 14 put Rs 4,098 crore in the open issue at same value, at that point during the open issue all offers, as well, came in at same cost.
We asked specialists that can the stock cost get acclimated to definite issue value, which could be Rs 12, preceding posting? Greater part of specialists feel the stock cost can go close to its issue cost.
The posting of new issue of Yes Bank is likely in the main portion of one week from now.
More Information Visit
Since June 10, when the bank evaluated its FPO at a precarious rebate from the market cost around then, the stock has lost 40 percent of its worth
On July 20, it was down 7 percent intraday and at 11:45 hours IST, it declined 2.02 percent to Rs 19.40 on the BSE.
The bank in meeting with trader investors had fixed FPO cost at Rs 12-13 for every offer, which was 60-56.5 percent rebate to the offer cost of June 9.
Greater part of offers came in at lower end of value band for example Rs 12. Truth be told, stay financial specialists on July 14 put Rs 4,098 crore in the open issue at same value, at that point during the open issue all offers, as well, came in at same cost.
We asked specialists that can the stock cost get acclimated to definite issue value, which could be Rs 12, preceding posting? Greater part of specialists feel the stock cost can go close to its issue cost.
The posting of new issue of Yes Bank is likely in the main portion of one week from now.
More Information Visit
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