Thu, 15th Aug 2019 07:00
August 14, 2019
India International Exchange IFSC Limited
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC - 382355, Gujarat, India
The Singapore Exchange Securities Trading Limited
2, Shenton Way #19-00
SGX Centre 1, Singapore 068804
The London Stock Exchange
10, Patemoster Square,
London, EC4M 7LS
Sub.: Qualified Institutions Placement of equity shares of face value ` 2 each by YES Bank Limited
This is with reference to our letter dated August 08, 2019 with respect to the meeting of the Capital Raising Committee of the Board of Directors of the Bank ("Committee") held on August 08, 2019, which approved the opening of the Issue.
We wish to inform you that in respect of the Issue, and pursuant to receipt of funds aggregating to ` 19,304,646,753.90, in accordance with Section 42 of the Companies Act, 2013, the Committee, today, i.e. August 14, 2019, inter alia, passed the following resolutions:
a. Approved the closure of the Issue today, i.e. August 14, 2019; and
b. With respect to the Issue, determined and approved the issue price of ` 83.55 per Equity Share (including a share premium of ` 81.55 per Equity Share) which is at a discount of 4.95% (i.e. ` 4.35 per Equity Share) to the floor price of ` 87.90 per Equity Share, determined as per the formula prescribed under Regulation 176(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, for the issuance of 23,10,55,018 Equity Shares (aggregating to 9.96% of the share capital of the Bank, as on August 9, 2019, on a pre-Issue basis, not accounting for the allotment of Equity Shares on August 10, 2019 pursuant to the exercise of options by the employees, against a limit of 10% of pre-Issue share capital as approved by the shareholders), to be allotted to eligible qualified institutional buyers pursuant to the Issue.
We also wish to inform you that, the Committee today, i.e. August 14, 2019 inter alia, passed the resolution and approved and adopted the placement document dated August 14, 2019 (the "Placement Document") in connection with the Issue.
Kindly take note of the above.
The announcements made by the Bank can also be accessed at its website www.yesbank.in.
For YES BANK LIMITED
Shivanand R. Shettigar
Group Company Secretary