Consequently, who invested in YES Bank QIP?
These are Societe Generale (18.75%), Key Square Master Fund LP (16.18%), BNP Paribas Arbitrage (14.43%), HDFC Trustee Company Limited A/C HDFC Balanced Advantage Fund (10.26%) and Key Square Master Fund II LP (5.88%).
Similarly, will Yes bank survive? The brokerage said that it will be a long battle for YES Bank to survive and thrive independently with many bumps in the journey, including the risk of failure of the reconstruction scheme. It maintained a sell rating on the stock with a target of Rs 4.
Correspondingly, is yes bank a good investment?
YES Bank has so far failed to bring a strategic investor. Amit Jeswani, Founder and CIO Stallion Asset in a tweet said, “SBI buying out YES Bank is a great move by the government even though it might cost them Rs 20,000-30,000 crore of NPAs but a bank going down would have cost the economy 20-30 times more.”
What is QIP floor price?
The company has fixed the QIP's floor price at Rs. 4,019.78 per share, and said it may offer discount on the floor price as the special committee decides in accordance with Sebi regulations.