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YES Bank gains 6% ahead of board meet today to consider fundraising

On October 31, YES Bank had informed the exchanges that the bank had received a binding offer from a global investor for an investment of $1.2 billion in the bank

YES Bank sees several exits from board ahead of annual general meeting
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SI Reporter Mumbai
YES Bank shares climbed 6 per cent to Rs 74 on the BSE on Friday ahead of the board meet today to consider fundraising plan.

The stock of the private sector lender rallied 17 per cent after the Bank, on Tuesday, said its board will meet on Friday, November 29, 2019, to discuss and consider fundraising by issue of equity/equity linked securities through permissible modes. The fundraising is subject to necessary shareholders/ regulatory approvals, as applicable, it said.

On October 31, YES Bank had informed the exchanges that the bank had received a binding offer from a global investor

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First Published: Nov 29 2019 | 10:16 AM IST

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