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YES Bank will raise funds by way of issuance of equity capital up to $1 billion in one or more tranches.
The board of directors of the bank took this decision at a meeting held today.
The issuance may be by way of Qualified Institutions Placement (QIP) or any other international offering like Global Depository Receipts (GDRs)/American Depository Receipts (ADRs), or by any other appropriate mode as decided by the Capital Raising Committee.
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