Yes Bank defers its $1 bn QIP due to volatility
Yes Bank on Thursday deferred its proposed $1 billion qualified institutional placement (QIP) due to "extreme volatility" during Thursday’s trading day because of the "misinterpretation" of new QIP guidelines. On Thursday, shares of Yes Bank fell 5.32% to ₹1,328.25 on the BSE. The bank had launched the QIP late on Wednesday to raise capital to support growth and expansion.