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,...

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