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Yes Bank IPO subscribed 26 times
Mumbai: Yes Bank's initial public offering, which closed on Tuesday, was subscribed over 26 times, according to the NSE Web site.

A total of 186.34 crore bids were received against the issue size of seven crore equity shares, with a total of 16.52 crore bids received at the upper end of the price band. The price band for the 100-per cent book-built issue was Rs38-45.

DSP Merill Lynch and Enam Financial Consultants are the book running lead managers to the issue.
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Rajesh Exports to split stock
Bangalore: Rajesh Exports Ltd has informed the Bombay Stock Exchange that its board of directors has recommended the splitting of stock of the company from the face value of Rs10 per share to Rs2 per share. Following the decision, every shareholder of the company would be allotted shares in the ratio of 1:5.

The board's recommendation would be put for approval by the shareholders at its AGM scheduled to be held on August 13.
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Pitti board to meet for issue of preferential shares
Hyderabad: The board of directors of Pitti Laminations Ltd will meet on Wednesday for allotment of 12 lakh shares to non-promoters and 3.9 lakh shares to promoters at a price of Rs72 per share on a preferential basis.

The company has informed the stock exchanges that the board would also allot 4.1 lakh share warrants to the promoters at a price of Rs72 a warrant on a preferential basis.
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Forbes Gokak to amalgamate with FAL
Mumbai: Forbes Gokak Ltd has informed the BSE that its board has approved a scheme of amalgamation of the company with FAL Industries Ltd, whereby shareholders of FAL will be allotted one share of Forbes Gokak for every seven they hold.

The company, along with its subsidiary, Forbes Finance, holds 37.44 per cent of the paid-up share capital of FAL Industries.

The amalgamation is subject to the approval of the shareholders of the two companies and the High Courts of appropriate jurisdiction.

Forbes Gokak Ltd has also informed the BSE that its board has recommended a dividend of 50 per cent, compared to 40 per cent paid in the previous year.
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