Yes Bank plans to raise up to Rs.16,000 crore through equity, debt
Mumbai, June 29 -- Private sector lender Yes Bank on Monday said it plans to raise up to Rs.16,000 crore, including up to Rs.7,500 crore in equity and up to Rs.8,500 crore in debt.
The bank said in a regulatory filing that its board has approved issuing eligible equity securities through various permissible means, provided the aggregate amount does not exceed Rs.7,500 crore and the aggregate dilution does not exceed 10%.
The board also approved raising funds by issuing eligible debt securities in Indian or foreign currency of up to Rs.8,500 crore in one or more tranches. The bank said these were enabling provisions and would be subject to shareholders' approval and other regulatory and statutory approvals.
The bank's total capital adeq...
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