as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now!
(You can now subscribe to our(You can now subscribe to our ETMarkets WhatsApp channelIndia's Yes Bank will raise up to 160 billion rupees ($1.69 billion ) via a mix of equity and debt issue, the lender said on Monday.The bank 's board approved an equity issuance of up to 75 billion rupees and a debt issuance of up to 85 billion rupees.It did not disclose the fundraising instruments.
Yes Bank said the fundraising would not result in more than 10% dilution of existing shareholders' stake.The lender's capital adequacy ratio stood at 15.3% at the end of March, compared with 15.6% a year earlier.
The regulatory minimum is 9%.
as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now!
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
India's Yes Bank will raise up to 160 billion rupees ($1.69 billion ) via a mix of equity and debt issue, the lender said on Monday.The bank 's board approved an equity issuance of up to 75 billion rupees and a debt issuance of up to 85 billion rupees.It did not disclose the fundraising instruments. Yes Bank said the fundraising would not result in more than 10% dilution of existing shareholders' stake.The lender's capital adequacy ratio stood at 15.3% at the end of March, compared with 15.6% a year earlier. The regulatory minimum is 9%.
