Blockbuster news for Yes bank.

Yesbank August 14 closed the qualified institutional placement (QIP) totalling Rs 1,930.4 crore at an issue price of Rs 83.55 per share (including a share premium of Rs 81.55 per share).

The issue price is at a discount of roughly 4.95 percent or around Rs 4.35 per share to the floor price of Rs 87.90 per share, the bank said in a release to the exchange.

The QIP is for the issuance of 231,055,018 equity shares aggregating 9.96 percent of the share capital of the bank, as on August 9, 2019, on a pre-Issue basis.

The issue size is "not accounting for the allotment of shares on August 10, 2019, pursuant to the exercise of options by the employees, against a limit of 10 percent of pre-issue share capital as approved by the shareholders), to be allotted to eligible qualified institutional buyers pursuant to the Issue," the bank said in the release.