Yes Bank Seeks SEBI Exemption For Its Rs 2,000cr QIP In Jan

Yes Bank is seeking exemption from the Securities and Exchange Board of India's six-month rule for its Rs 2,000 crore qualified institutional placement scheduled for January, reports The Economic Times.

As per SEBI guidelines, there should be a gap at least six months before a company can raise a second QIP. The bank had earlier raised Rs 1,930 crore via a QIP in August.

Share prices of airline companies including Interglobe Aviation, Jet Airways, and SpiceJet gained 1 to 4 percent in the morning trade on December 13, a day after data showed an increase in domestic passenger traffic in the previous month.

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