According to the rating note, these NCDs are Zero Coupon Bonds set for maturity on April 19, 2021.
Kapoor has pledged shares of Yes Bank to RNAM, the asset manager of Reliance Mutual Fund, as collateral
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL
According to a report, YES Bank had an exposure of Rs 3,700 crore to DHFL - which has also defaulted on its loans
Thus far in financial year 2019-20 (FY20), the share price of YES Bank has plunged 85 per cent, against a per cent fall in the Sensex.
In September 2017, YCPL headed by YES Bank Promoter Rana Kapoor had placed rated zero-coupon NCDs amounting to Rs 630 crore with Franklin Templeton
YES Capital, part of the promoter group of YES Bank, sold 1.8 per cent shareholding in the bank for around Rs 240 crore.
YES Capital sold 46.5 million shares at Rs 51.94 apiece
The stock has declined 9 per cent in the past two trading days and was trading at its lowest level since September 5, 2013, when it hit a low of Rs 49.50 in the intra-day deal.
The lender has got approval from its board to increase its authorised capital from Rs 800 crore to Rs 1,100 crore
Some lenders like Yes Bank, Punjab National Bank, IDBI Bank, Bank of India, Indian Overseas Bank and Axis Bank are yet to release their portion
At more than $200 billion, India's world-beating pile of bad loans is bigger than Italy's
The share sale aggravated the selling pressure on YES Bank, as a result of which its share price closed 15.5 per cent lower
CARE Ratings downgraded ratings of non-convertible debentures (NCDs) of Morgan Credits, one of the promoter entities of the private sector lender.
Shareholders say negative messages being circulated by short-sellers
Analysts believe the investment by new investor would impart confidence to the Street
YES Bank, however, issued a clarification to the stock exchanges, saying the reports were 'speculative in nature'
From economists cutting their projection of the GDP expansion for 2019-20 to the govt considering more sops and benefits to push electric mobility, here are the top business headlines for Wednesday
According to reports, Kapoor has held preliminary talks with Vijay Shekhar Sharma, founder of One97 Communications
In addition to the tech investor, smaller investors could pump in about $200 million to $250 million, Gill said