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YES Bank ends 24% higher on $1.2 billion binding offer from global investor

The bank has received a binding offer from a global investor for an investment of US $ 1.2 billion in the Bank through fresh issuance of equity shares

YES Bank sees several exits from board ahead of annual general meeting
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SI Reporter Mumbai
Shares of YES Bank moved higher by 35 per cent to Rs 76.40 on the BSE in the intra-day deals on Thursday after the private sector lender said it has received a binding offer of US $1.2 billion from a global investor. 

“The bank has received a binding offer from a global investor for an investment of US $ 1.2 billion in the Bank through fresh issuance of equity shares, subject to regulatory approvals/conditions as well as Bank's board and shareholders approvals,” YES Bank said in a regulatory filing. READ FILING HERE

The Bank continues to be

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First Published: Oct 31 2019 | 1:31 PM IST

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