Yes Bank gets Rs 120cr from Swiss Re

Yes Bank has received equity infusion of Rs 120 crore ($26.5 million), via private placement of 10 million equity shares, from Swiss Reinsurance Company, Zurich, Switzerland (Swiss Re).

According to a release issued by the bank to the BSE today, the tier-I placement of equity shares of Rs 10 each at a premium of Rs 110 per share constitutes 3.57% of the expanded share capital of the bank.

"Post the transaction, the paid-up share capital of the bank has increased to Rs 280 crore. The total capital base, including tier-I & tier-II capital, has now crossed the Rs 1,000-crore mark," the release added.