Yes Bank to raise $1 bn via QIP within 7 months
Private sector lender Yes Bank plans to raise $1 billion (about ₹6,885 crore) through qualified institutional placement (QIP). “The...process should be over in the next 6-7 months and we are actively meeting large investors across geographies,” Yes Bank MD Rana Kapoor said. QIP is a process to enable companies to raise funds through the securities' issue to qualified institutional buyers.