YES Bank completes largest-ever private sector QIP

Second time lucky for YES Bank as it completes an upsized $750 million offering.

YES Bank completes largest-ever private sector QIP

YES Bank, India's fifth largest bank by assets, redeemed its capital markets reputation on Friday when it completed an upsized $750 million Qualified Institutional Placement QIP.

The 4,906 crore transaction just pipped Reliance Communications to the post as the largest-ever private sector QIP from India in rupee terms. The Anil Ambani-led group had previously completed a 4,800 crore deal in June 2014, while Axis Bank, India’s largest private sector bank by assets,...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES