New Delhi: Yes Bank The money is planned to be raised through various instruments, including equities and bonds, and it will seek shareholders’ approval at a meeting of the board of directors next week.
However, the bank did not specify how much money it wants to raise.
The board of directors of Yes Bank is scheduled to meet on December 21 to consider seeking shareholders’ approval, the bank said in a regulatory filing on Thursday.
Yes Bank said the board meeting will seek shareholders’ permission to raise funds by issue of equity shares or depository receipts, convertible bonds or debentures, warrants or any other equity-linked securities.
The lender said the existing shareholders’ approval for raising capital is valid till February 28, 2022.
In March this year, the shareholders of the bank had given a majority approval for a fund mop-up of Rs 10,000 crore by way of equity or other securities.
Shares of Yes Bank closed at Rs 13.40, down 2.69 per cent from the previous close on the BSE on Thursday.
However, the bank did not specify how much money it wants to raise.
The board of directors of Yes Bank is scheduled to meet on December 21 to consider seeking shareholders’ approval, the bank said in a regulatory filing on Thursday.
Yes Bank said the board meeting will seek shareholders’ permission to raise funds by issue of equity shares or depository receipts, convertible bonds or debentures, warrants or any other equity-linked securities.
The lender said the existing shareholders’ approval for raising capital is valid till February 28, 2022.
In March this year, the shareholders of the bank had given a majority approval for a fund mop-up of Rs 10,000 crore by way of equity or other securities.
Shares of Yes Bank closed at Rs 13.40, down 2.69 per cent from the previous close on the BSE on Thursday.
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