In its maiden effort to gather funds after being bailed out, cash-starved private lender Yes Bank is planning to raise Rs 20,000 crore via certificate of deposits from institutional investors, including banks.
Yes Bank shares have zoomed 1,484 per cent from its 52-week low of 5.55 apiece after RBI had imposed moratorium and withdrawal cap on the bank. Yes Bank shares have spiked 244 per cent from 25.55 on Friday
Yes Bank share price was trading at Rs 64.70 apiece on BSE, up 66.31 per cent. The private lender’s share price has risen 1,069 per cent from its 52-week low of Rs 5.55 touched in the intraday trade on March 6, 2020.
At 11.45 AM, Yes Bank shares were trading 31 per cent higher at Rs 21.20 apiece on BSE in today's trade. From its 52-week low, touched on Friday in the intraday trade, Yes bank share price has risen 310 per cent.