Troubled private sector lender Yes Bank stock started its downward journey the moment management of the bank announced pricing for follow-on public offer.

Yes Bank opened on lower circuit yesterday as the follow-on public offer stocks were listed on the exchanges for trade.

Yes Bank opened at lower circuit for today’s trading session and the massive sales orders will ensure that the stock ends the day at Rs 12.30 on NSE.

Troubled private sector lender Yes Bank stock declined by 10 percent during early trade as the shares issued by the bank under follow-on public offer were listed on the markets.

Private sector lender Yes Bank’s follow-on public offer will open today. The bank has informed that it has already raised Rs 4500 crore from anchor investors.

Yes Bank management has surprised markets by announcing follow-on public offer with floor price of Rs 12. The FPO will open on July 15 and continue till July 17, 2020.