Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

YES Bank Ltd gets investment proposals for $2 billion

Posted On: 2019-11-30 12:32:34


The Board of Directors of YES Bank Ltd, at its meeting on November 29, 2019, has taken note that the following investors have individually expressed their agreement / willingness to subscribe to equity shares of the Bank for an aggregate amount of USD 2.0 Billion which shall be undertaken on a preferential allotment basis.

Institutional Investors:

Top Tier US Fund House (Name disclosure early next week) - $120 Mn
Discovery Capital - $50 Mn
Ward Ferry - $30 Mn

Family Offices

Aditya Birla Family Office - $25 Mn
Citax Holdings Ltd & Citax Investment Group - $500 Mn
GMR Group and Associates - $50 Mn
Erwin Singh Braich / SPGP Holdings (Discussions with Investor ongoing and expected to be concluded shortly, In the meantime the Binding Term Sheet extended till December 31, 2019) - $1200 Mn
Rekha Jhunjhunwala - $25 Mn

In light of the above, the Board of Directors has taken a decision to raise upto USD 2 Billion through preferential allotment at a price in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 [Higher of 2 weeks or 26 weeks average price]. None of the Investors will be allotted equity shares such that their holding exceeds 25% of the share capital of the Bank.

The Board of Directors shall reconvene on December 10, 2019 to finalize and approve the details of the preferential allotment and convene an extra-ordinary general meeting subsequently, to obtain the approval of the shareholders. Such preferential allotment shall be subject to receipt of all regulatory and statutory approvals, as may be applicable.

Shares of YES BANK LTD. was last trading in BSE at Rs.68.3 as compared to the previous close of Rs. 70.05. The total number of shares traded during the day was 34095082 in over 104809 trades.

The stock hit an intraday high of Rs. 74.1 and intraday low of 67.6. The net turnover during the day was Rs. 2413451217.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Abbott India Ltd posts Rs. 180.35 crore PAT in Q1FY21

FDC Limited to acquire further stake in South Africa firm

Energy Development Company Ltd board recommends dividend of Rs. 0.50

Hero MotoCorp donates unique first responder vehicles to Civil Hospital, Gurugram

Mirchi revenues fall 72%, but market share rises to 33%

FDC Ltd board approves buy-back at Rs. 450

Gujarat Themis Biosyn Ltd board to approve quarterly results on Aug 13, 2020

Ravileela Granites Ltd Q1 consolidated net profit up at Rs. 0.74 crore

Indowind Energy Ltd posts consolidated PAT of Rs. 3.40 crore in Q1

FDC Ltd reports consolidated PAT of Rs. 91.72 crore in Q1FY21

Mercury Laboratories Ltd Q1 PAT at Rs. 0.96 crore

BATA India Ltd reports loss of Rs. 100.88 crore in Q1FY21

Seshasayee Paper & Boards Ltd Q1FY21 consolidated net profit lower at Rs. 19.30 crore

ANUH Pharma Ltd board approves 1:1 bonus issue

Siemens Limited announces Q3 FY 2020 results, Performance impacted due to COVID-19

WINTAC Ltd Q1 loss at Rs. 0.3158 crore

Sudarshan Chemical Industries Ltd posts Rs. 18.19 crore consolidated PAT in Q1FY21

CIPLA Ltd Q1FY21 consolidated PAT up at Rs. 577.91 crore

DIC India Ltd Q2CY20 PAT soars on exceptional income

Andhra Paper Ltd reports loss in Q1FY21

Natural Capsules Ltd Q1FY21 net profit surges to Rs. 2.48 crore

The Shipping Corporation of India Ltd posts consolidated PAT of Rs. 336.87 crore in Q1FY21

ANUH Pharma Ltd Q1FY21 net profit up at Rs. 16.72 crore

RAMCO Industries Ltd Q1FY21 consolidated net profit rises to Rs. 61.83 crore

Container Corporation of India Ltd Q1FY21 consolidated PAT slides to Rs. 60.61 crore

Automotive Axles Ltd Q1 loss at Rs. 2.30 crore

Morganite Crucible India Ltd posts loss of Rs. 0.67 crore in Q1

Monte Carlo Fashions Ltd Q1FY21 loss at Rs. 13.53 crore

Nucleus Software Exports Ltd Q1FY21 consolidated PAT surges to Rs. 36.33 crore

Kesar Enterprises Ltd Q4FY20 PAT surges to Rs. 36.90 crore

Murugappa group firm to invest in CG Power and Industrial Solutions Ltd

Zensar to host Digital Foundation Services (DFS) Virtual Analyst and Advisor Conclave

JK Agri Genetics Ltd to raise funds upto Rs. 50 crore

Apollo Hopsital asks for 50% rent waiver

Shree Renuka Sugars Ltd to issue 2,11,670,481 Equity Shares at Rs. 8.74

REC Ltd Q1FY21 consolidated PAT soars to Rs. 1845.30 crore

Amara Raja Batteries Ltd Q1FY21 consolidated net profit declines to Rs. 62.49 crore

Aditya Birla Capital Ltd Q1FY21 consolidated net profit at Rs. 198.38 crore

Mangalam Cement Ltd posts net profit of Rs. 13.79 crore in Q1

Kaycee Industries Ltd Q1 loss at Rs. 0.20 crore

Nath Bio-Genes India Ltd Q1FY21 PAT rises to Rs. 41.25 crore

Birla Corporation Ltd reports earnings for Q1FY21

JK Agri Genetics Ltd Q1 PAT zooms to Rs. 19.20 crore

Finolex Industries Ltd posts consolidated PAT of Rs. 56.72 crore in Q1FY21

Shreyans Industries Ltd posts Rs. 6.77 crore PAT in Q1

Adani Transmission Ltd Q1FY21 consolidated PAT higher at Rs. 383.55 crore

Targeting the significant shift to Spiritual-Religious Tourism, Thomas Cook India & SOTC launch Ramayana Trails

Rane Madras Ltd announces Q1FY21 results

BHEL commences Civil Works at 660 MW Sagardighi Supercritical Thermal Power Plant in West Bengal

Equitas Small Finance Bank Limited is now the official retail banking partner of Chennai Super Kings







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019