Private sector lender Yes Bank, which has hit the market to raise funds through qualified institutional placement (QIP) on Thursday, fixed a floor price of ₹87.9 per share.
The lender is looking to raise capital to support growth. It had a capital adequacy ratio of 15.6% as at end June as compared to 16.9% a year earlier.
The bank also informed the exchanges that it is currently in the process of appointing certain new key managerial personnel, including the chief financial officer, chief compliance officer and chief operating officer.
Yes Bank shares rose 2.65% to close at ₹89.15 on the BSE on Thursday.