Just as Gadfly was urging Indian banks to use probity and charm to woo wary investors, one lender decided to rely on aggression and hubris.The result? Nor is Yes Bank the only humiliated party here. That inordinately long window rattled bidders, especially after the stock fell as low as 1,321.25 rupees, below the minimum 1,350 rupee new share sale price.If Kapoor is right about the rule, everybody else seems to be breaking it. (Those investors are sitting on price gains of 142 percent, far better than the fate of most Indian share sales that year. After Thursday's 5.2 percent decline, the lender's shares opened almost 6 percent lower Friday.

Source: Economic Times September 09, 2016 08:15 UTC