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Yes Bank Board approves to raise Rs 10,000 crore

Leading private sector lender, Yes Bank on January 22 said, “Its board has approved to raise Rs 10,000 crore.”

In a filing with the exchange, the Bank said, “Raising of funds for an amount aggregating up to ₹10,000 crores (Rupees Ten Thousand Crores), in one or more tranches, on such terms and conditions as it may deem fit, by way of issuance of securities, through one or more permissible mode(s) including but not limited through a Qualified Institutions Placement/ Rights Issue / Global Depository Receipts / American Depository Receipts / Foreign Currency Convertible Bonds / Further Public Offering or a combination thereof, subject to shareholders’ enabling approval.”

“Seeking shareholders’ approval (by way of a special resolution) in relation to the raising of funds as mentioned above, by means of a postal ballot,” it added.

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