For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

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%.

Yes Bank Board To Meet Today; Stock Trades Higher
 

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.

GoodReturns.in

Read more about: yes bank fund raising
Story first published: Friday, January 10, 2020, 10:40 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more