YES Bank in focus, climbs 9% as board to consider fundraising on Friday

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

Shares of YES Bank climbed 9 per cent to Rs 68.85 in the early morning deals on the BSE on Wednesday after the private sector lender announced that its board will meet on Friday to consider raising of funds.

“A meeting of the board of directors of YES Bank will be held on Friday, November 29, 2019 to discuss and consider raising of funds by issue of equity/ equity linked securities through permissible modes”, YES Bank said in a regulatory filing. The fundraising is subject to necessary shareholders/ regulatory approvals, as applicable, it added.

YES Bank, on October