 "YES Bank share offering succeeds, 2nd time around")
YES Bank has succeeded on its second attempt to raise capital, as friendlier conditions in financial markets allowed the Indian lender to put last year’s failed share offering behind it.
The Mumbai-based bank, led by billionaire Chief Executive Officer Rana Kapoor, raised about $750 million through the sale of new shares at Rs 1,500 each, an exchange filing late Wednesday showed. The decision to reduce the size of the sale helped smooth the deal, six months after Kapoor blamed a misunderstanding by his bankers for the failure of a $1 billion offering.
“Cutting the quantum of the share
The Mumbai-based bank, led by billionaire Chief Executive Officer Rana Kapoor, raised about $750 million through the sale of new shares at Rs 1,500 each, an exchange filing late Wednesday showed. The decision to reduce the size of the sale helped smooth the deal, six months after Kapoor blamed a misunderstanding by his bankers for the failure of a $1 billion offering.
“Cutting the quantum of the share
