Business Standard

YES Bank board approves raising funds up to Rs 10,000 crore

The fundraising will happen through various instruments, including equity and bonds

YES Bank
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Abhijit Lele Mumbai
Private lender YES Bank on Tuesday said it plans to raise funds up to Rs 10,000 crore through various instruments, including equity and bonds, to support business growth.

The bank said in a stock exchange filing that its board gave a nod for the fundraising proposal. 

The bank will be seeking the approval from its shareholders, which in effect would result into seeking an extension on the current shareholder approval that is set to expire on February 28, 2022.

The lender's stock on Tuesday closed 2.11% higher at Rs 13.04 per share on BSE.

In March this year, the bank's

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First Published: Dec 21 2021 | 9:15 PM IST

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