On 9 September, Sebi called Yes Bank’s merchant bankers to find out what had gone wrong with the QIP, the people referred to above said. On 7 September, Yes Bank’s notice to stock exchanges said the issue price would be decided in a 12 September board meeting. Emails sent on Tuesday to Yes Bank, Sebi and the three lead merchant bankers—Goldman Sachs, CLSA and Motilal Oswal—remained unanswered. Yes Bank shares had gained 116% since their lows of 25 February to reach Rs1,440.90 on 6 September. On Thursday, Yes Bank shares fell 2.5% on the BSE while the benchmark Sensex index gained 0.14%.

Source: Mint September 15, 2016 21:00 UTC