Yes Bank’s $1 billion share sale to qualified institutions globally had to be deferred on Thursday amid a slump in its share price. Nor is Yes Bank the only humiliated party here. Put simply, the offer was aggressively priced, making opportunistic use of the froth in Yes Bank’s share price over the past six months. Yes Bank can always claim that it was merely following the Securities and Exchange Board of India’s (Sebi) guideline on not unfairly diluting current shareholders. Yes Bank might continue to outperform its rivals, giving investors many good reasons to take a punt on it.

Source: Mint September 09, 2016 08:16 UTC