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YES Bank Allots 1.28 Billion Equity Shares to CA Basque


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On April 21, YES Bank announced that it has issued 1.28 billion fully paid-up equity shares to CA Basque, according to an exchange filing. These shares have a face value of Rs 2 each. The allocation was made in accordance with the 1.28 billion share warrants that were allotted to CA Basque on December 13, 2022, at a price of Rs 14.82 per share warrant. The shares were allotted to CA Basque through a preferential allotment route.

The bank stated that the equity shares are being allotted to CA Basque as a result of exercising the warrants held by them. These equity shares will be on par with the existing equity shares of the bank, with a face value of Rs 2 each, including dividend rights.

As a result of this allotment, the total issued paid-up capital of YES Bank has increased from Rs 5,753 crore to Rs 6,009 crore.

As of April 2024 Yes Bank has a market cap of $9.28 Billion.

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