Yes Bank has informed that the Board of Directors of the Bank on July 26, 2017, has considered and approved the Sub-division of existing 1 Equity Share of face value of Rs 10 each fully paid up into 5 Equity Shares of Rs 2 each fully paid up, subject to approval of Reserve Bank of India and Shareholders or any other applicable statutory and regulatory approvals, and consequential alteration to the Capital Clause of Memorandum of Association. The Board has decided to seek the approval of Shareholders through Postal Ballot Process for the proposed sub-division of equity shares and Alteration of Capital clause in Memorandum of Association.
The above information is a part of company’s filings submitted to BSE.
