Lender will end up issuing 11.54-12.5 billion fresh equity shares; FPO will lead to 50% per dilution in current equity base of 12.55 billion shares
YES Bank is planning to raise Rs 15,000-crore through the FPO
Yes Bank's FPO offer will open on July 15, 2020 and close on July 17, 2020
From IT companies facing problems in hiring fresh candidates, Voda defaulting on June payments, TCS reporting fall in net profits, here are the top headlines on Friday morning
The last successful FPO to hit the domestic market was in 2014 by Engineers India. Apart from that, only three others have successfully launched an FPO
These properties include Rana Kapoor's plush bungalow in Delhi at 40, Amrita Shergil Marg and his Mumbai flats in Worli and at Indiabulls One worth Rs 1,200 crore
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Properties of DHFL promoter brothers Kapil and Dheeraj Wadhawan have also been attached as part of a provisional order issued by it under the Prevention of Money Laundering Act
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Moreover, SBI's board has given approval for a maximum investment of up to Rs 1,760 crore in YES Bank's FPO
Earlier this week, YES Bank had received approval from the capital-raising committee (CRC) of its board of directors to raise funds through the offering
YES Bank got its board's approval to raise Rs 15,000 crore via FPO to shore up its capital base.
The announcement came after YES Bank said it has received approval from the CRC of the Board of Directors of the Bank for raising funds
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Restates accounts for last three years, but no impact on bottom line
The loan amount is due since October 31, 2019, along with further interest and cost due to the secured creditor from the borrower and mortgager
Replicating success in terms of investor demand and premium pricing may be tough as lenders prepare for mega fundraising
YES Bank has Rs 8,000-crore exposure to Essel Group
The RBI's draft code on governance is seen as being out of kilter even though well-intentioned, reports Raghu Mohan
Ready to invest at Rs 12-15 per share, a 50 per cent discount to current market price