Yes Bank shares gained on Friday after the capital raising committee, a subcommittee of the board of the bank has approved the allotment of 53.5 million shares thus completing the highly successful qualified institutions placement raising USD 500 million (Rs 29.42 billion).
The allotment of shares was done across 114 investors at Rs 550 a share.
Shares of the bank are trading at Rs 580, up Rs 5.75, or 1% at the Bombay Stock Exchange (BSE) on Friday at 10:42 a.m.
The scrip has touched an intra-day high of Rs 584.35 and low of Rs 575.60. The total volume of shares traded at the BSE is 138,075.
In the earlier session, the shares lost 1.19%, or Rs 6.9, at Rs 574.25.
Currently, the stock is trading down 1.36% from its 52-week high of Rs 588 and above 168.39% over the 52-week low of Rs 216.10.