YES Bank Ltd approves fund raising of up to Rs. 10,000 crores

The Board of Directors of YES Bank Ltd in its meeting held on Tuesday, December 21, 2021, have considered and approved raising of funds by issue of equity shares / depository receipts / convertible bonds / debentures / warrants / any other equity linked securities, through permissible modes, subject to necessary approvals from shareholders / regulators, as applicable for amount up to INR 10,000 Crores.

Pursuant to this the Bank will be seeking the approval from its shareholders which in effect would result into seeking an extension on the current shareholder approval which is set to expire on February 28, 2022.

Shares of Yes Bank Limited was last trading in BSE at Rs. 13.04 as compared to the previous close of Rs. 12.77. The total number of shares traded during the day was 20149022 in over 47081 trades.

The stock hit an intraday high of Rs. 13.24 and intraday low of 12.90. The net turnover during the day was Rs. 263076124.00.

Source : Equity Bulls

Keywords

YesBank INE528G01035 FundRaising INR10000Crores