Friday, 24 March 2017

YES Bank rises nearly 2% on fund raising plans

Shares of private sector lender YES Bank advanced nearly 2 per cent on the Bombay Stock Exchange (BSE) after a media report suggested that the bank would raise up to USD 600 million with Greenshoe Option of USD 150 m via QIP. In a clarification to exchange, the bank has said that its board had passed resolutions in April and October last year allowing the bank to raise USD 1 billion equivalent (including premium) in the rupee of capital through QIP.

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