NEW DELHI: A $300 million qualified institutional placement (QIP) by YES Bank has been subscribed 1.4 times, according to a report by ET NOW The issue will lead to about 10 per cent equity dilution, it reported. ET NOW was the first to report on the likely QIP launch on August 6.The scrip was trading around 1 per cent up at Rs 87.70 at around 10 am (IST), while the benchmark BSE Sensex was up 53 points, or 0.15 per cent, at 36,744.ET NOW on Wednesday said a big marquee HNI, private equity players and key institutional investors, including HDFC AMC will be lining up for the QIP.Motilal Oswal and JM Financial have been appointed as bankers to QIP issue.In another recent development, global rating agency Moody’s on Monday reiterated its decision to keep YES Bank’s ratings “under review for downgrade” for the second time in under two months citing worsening asset quality and higher exposure to shadow banks.It has also extended its review to downgrading its long-term foreign and local currency bank deposit ratings of Ba1, foreign-currency senior unsecured MTN programme rating of Ba1, and baseline credit assessment of Ba2.