Money & Banking

YES Bank plans to raise $500 m

R. Y. Narayanan Coimbatore | Updated on March 12, 2018

YES Bank Ltd has proposed to raise up to $500 million in one or more tranches through multiple options including Qualified Institutional Placement.

In a filing with the stock exchanges, the bank said its board of directors on April 17 empowered the capital raising committee, a sub-committee of the board, to raise up to $500 million in one or more tranches.

The funds will be raised through QIP or any other international offering like Global Depository Receipts (GDRs)/American Depository Receipts (ADRs), ordinary shares through (Depository Receipt Mechanism) Scheme 1993, Follow on Public Issue or by any other appropriate mode as decided by the committee.

Published on April 17, 2013

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