Firms rush to raise equity as FIIs lap up Indian stocks

Jun 11 2014, 08:40 IST
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In FY14, close to Rs 15,180 was raised via equity, almost half the previous year’s Rs 26,260 crore In FY14, close to Rs 15,180 was raised via equity, almost half the previous year’s Rs 26,260 crore
SummaryIn FY14, close to Rs 15,180 was raised via equity, almost half the previous year’s Rs 26,260 crore

a two-year time period. Last week Yes Bank's QIP sailed through and was oversubscribed by close to five times with the aggregate demand coming in at close to $2.5 billion.

The lender issued 5.35 crore shares at Rs 550 a share, at a slight premium to the previous day’s close and not far from the stock’s lifetime high of Rs 599, hit on May 16.

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