Yes Bank Board To Meet Today; Stock Trades Higher

Yes Bank's board is slated to meet today to decide on its fund raising plan. Since the announcement of the board meeting, the stock of private sector lender has gained 7.5% and in Thursday's session it ended with gains of 3%.

Earlier in the week, the board of Yes Bank said it will discuss on raising funds via issuance of equity shares or DRs or convertible bonds or debentures or warrants or any other equity-linked securities.

The board which earlier in December said that it is favourably considering Citax Holdings and Citax Investment Group's $500 million offer, will most likely take a final decision on the allotment to Citax Holdings and Citax Investment Group today.

Also Braich's offer of $1.2 billion is also under consideration by the bank. Further large European financial entities showed interest in the bank.

=The stock of Yes Bank was last quoting higher by 0.95% while it made an intra-day high of Rs. 48.35 on the BSE.

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