Yes Bank said the Board is willing to favourably consider the offer of $500 million of Citax Holdings and Citax Investment Group.
The scrip fell 4.65% to Rs 48.20, with over 15 lakh shares traded in the counter at the start of the day.
It added that the final decision regarding allotment of shares to the Citax Group would follow in the next board meeting, subject to requisite regulatory approvals.
The binding offer of $1.2 billion submitted by Erwin Singh Braich / SPGP Holdings also continues to be under discussion. The Bank shall continue to evaluate other potential investors to raise capital upto $2 billion.
Yes Bank is a private sector bank.
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