Yes Bank, India’s 5th largest private sector bank, is planning to raise around Rs 16,500 crore through issue of debt securities as well as equity capital. The bank is seeking shareholders’ approval for this fundraising, which will be completed in one or more tranches. The bank has scheduled a shareholders’ meeting on June 7, 2016, where it will ask shareholders to approve raising Rs 10,000 crore of debt by issuing securities to eligible investors on private placement basis. The proposed fund would be raised in one or more tranches in domestic and or overseas market, as per the structure and within the limits permitted by the RBI and other regulatory authorities.
Furthermore, the bank has also proposed to raise additional capital aggregating up to $1 billion (about Rs 6,500 crore) by way of placement of shares through Qualified Institutions Placement (QIP) and/or private placement in international markets through ADRs/ GDRs.
Yes Bank, India’s fifth largest private sector Bank, has a pan India presence across all 29 states and 7 Union Territories of India. The bank has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers.
