Yes Bank, on April 21, distributed 1.28 billion completely paid-up equity shares of face value of Rs 2 each to CA Basque, the bank said in an exchange form.
The allocation was pursuant to 1.28 billion share clearances distributed to CA Basque on December 13, 2022, for Rs 14.82 per share leave, the form said. The shares were distributed through a preferential allotment route.
“TThe equity shares are being distributed to CA Basque pursuant to exercise by it of the clearances held by it, and the equity shares shall rank pari passu in all felicitations with the being equity shares of the Bank of face value Rs. 2/ each, including tip, if any,” the statement said.
Following the allotment, the total issued paid-up capital has increased from Rs 5,753 crore to Rs 6,009 crore, it added.
Shares of the bank closed at Rs23.94, recording a borderline swell of 0.21 percent on the BSE on April 19.
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