YES Bank slips 20% ahead of FPO share listing; stock tanks 45% in 2 weeks

Elvera Bartels

Shares of Certainly Bank were locked in the twenty per cent reduce circuit band at Rs 14.60 on the BSE on Thursday in advance of the listing of contemporary fairness shares allotted in adhere to-on general public give (FPO). The shares are envisioned to checklist on Friday.

On July 17, Certainly Bank introduced the closure of the Rs 15,000 crore-fairness money elevate. The bank had preset a price band of Rs 12-thirteen for the general public difficulty and raised approximately Rs four,one hundred crore by anchor allotments by issuing shares at price of Rs 12 per share.

The inventory of the new generation personal sector bank has continually been slipping considering that the pricing announcement of the FPO. In the earlier two weeks, the inventory declined forty five per cent from a stage of Rs 26.sixty five touched on July 9, as in contrast to three per cent rise in

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