Business

YES Bank's Board Clears Rs 10,000 Crore Fundraising Strategy

   Download Android App    Share in      FullScreen   CheckVideos

YES Bank's board has actually authorized fund raising of approximately Rs 10,000 crorePrivate lender YES Bank's board has actually authorized raising funds of as much as Rs 10,000 crore, it informed in a regulative filing.

The board of directors of Yes Bank in its conference hung on December 21, 2021, inter alia, have actually thought about and authorized raising of funds by problem of equity shares, depository invoices, convertible bonds, debentures, warrants and any other equity-linked securities, through acceptable modes, based on needed approvals from investors/ regulators, as appropriate for an amount approximately Rs 10,000 crores, the filing read.YES Bank further informed that consequently it will be seeking approval from its investors, which in impact would result in looking for an extension on the existing investor approval that is set to end on February 28, 2022.

The YES Bank board had previously in June 2021 provided its nod to raise another Rs 10,000 crore through debt securities issuance.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Business


20