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YES Bank board to reconvene on Dec 10, 2019 to continue discussion on investment proposals

Posted On: 2019-12-10 17:34:41


The Board of Directors of YES Bank Limited ('the Bank') shall reconvene on Tuesday, December 10, 2019 to discuss the investment proposals further.

The Board is willing to favourably consider the offer of US$500 Million of Citax Holdings and Citax Investment Group and the final decision regarding allotment to follow in the next board meeting, subject to requisite regulatory approval(s).

The binding offer of US$1.2 Billion submitted by Erwin Singh Braich / SPGP Holdings continues to be under discussion.

The Bank shall continue to evaluate other potential investors to raise capital upto US$ 2 Billion.

The Board of Directors meeting held today commenced at 11.00 AM and concluded at 04:15 PM.

Shares of YES BANK LTD. was last trading in BSE at Rs.50.55 as compared to the previous close of Rs. 56.2. The total number of shares traded during the day was 22981105 in over 93146 trades.

The stock hit an intraday high of Rs. 56.3 and intraday low of 49.3. The net turnover during the day was Rs. 1215616416.


Source: Equity Bulls

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