Yes Bank is likely to file for Follow on Public Offer (FPO) in the first half of June, people aware of the development told CNBC-TV18. The FPO issue size is likely to be between Rs 8,000 and Rs 10,000 crore.
Kotak Securities, Axis Capital, SBI Capital and Citi are among the key bankers likely to be involved in the FPO issue
Market regulator Securities and Exchange Board of India's relaxed rules allow for raising 50-150 percent of the issue size. This flexibility allows Yes Bank to raise between Rs 5,000 crore and Rs 15,000 crore.
Yes Bank has not responded to a CNBC-TV18 query regarding its likely FPO.Also read | Yes Bank dispute: Madhu Kapur & family give up promoter status, Rana Kapoor next?