US-based alternative asset manager Tilden Park Capital management Ltd has invested more than Rs 2000 crore in the YES Bank anchor book, a source close to the development said on Tuesday.
The bank has raised more than Rs 4000 crore in anchor allotment at RS 12 per share from investors which include Singapore-based fund management company Amansa Capital, UK-based fund management company Jupiter funds, and HDFC Life on the domestic front, the source added.
On July 13, YES Bank announced its further public offering to raise Rs 15,000 crore from the market to ensure adequate capital to support its growth and expansion. The issue will open for subscription on Wednesday and close on Friday with a price band of Rs 12 - Rs 13 per equity share of face value Rs 2 each.
Kotak Mahindra Capital Company, SBI Capital Markets, Axis Capital, Citigroup Global Markets India, DSP Merrill Lynch, HSBC Securities and Capital Markets(India), ICICI Securities and YES Securities (India) are the book running lead managers appointed to the issue.
Earlier this month, state-run State Bank of India, which is the biggest shareholder in YES Bank, providing further support said its executive committee of the central board has given approval for a maximum investment of up to Rs 1760 crore in the FPO.
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