Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray

Board of directors will continue to evaluate other potential investors to raise capital up to $2 bn

Private sector lender Yes Bank has told the exchanges it is considering the $500 million offer made by Citax Holdings and Citax Investment Group. A decision regarding allotment will be taken at the next board meeting.

The note said, “The Board is willing to favourably consider the $500 million offer made by Citax Holdings and Citax Investment Group and the final decision regarding allotment will follow at the next board meeting, subject to requisite regulatory approval(s).”

Yes Bank also told the exchanges it is still considering the binding offer of $1.2 Billion offer from Canadian businessman Erwin Singh Braich and