Yes Bank has further acquired 1,79,37,200 equity shares of Rs 10 each at a premium of Rs 45.75 per share, of YES Securities (India) (YSIL), a wholly owned subsidiary of the Bank, for an amount aggregating to Rs 100 crore for a cash consideration under Rights Issue.
Further infusion of capital by the Bank will enable YSIL to keep adequate margins with the Stock Exchanges and Clearing Corporations for executing clients trades seamlessly without any interruptions and to increase the exposure in Margin Trading Facility given to clients.
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.
