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Yes Bank receives binding offer of Rs 8,500 crore from global investor

31 Oct 2019 Evaluate

Yes Bank has received a binding offer for a $1.2-billion (approximately 8,500 crore) funding from an overseas investor through fresh issuance of equity shares. The fund raise is subject to regulatory approvals and bank's board and shareholders approvals. The bank also continues to be in advanced discussions with other global and domestic investors.

Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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