For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Yes Bank Shares Rally 39%; Bank Receives Offer From Global Investor

|

Shares in Yes Bank surged as much as 38.6 per cent to 78.70 on BSE, as the bank said that it has received a binding offer from a global investor for $1.2 billion for fresh issuance of shares.

Yes Bank Shares Rally 39%; Bank Receives Offer From Global Investor
 

"The Bank would like to inform that it has now received a binding offer from a global investor for an investment of US$ 1.2 Billion in the Bank through fresh issuance of equity shares, subject to Regulatory approvals/conditions as well as Bank's Board and Shareholders approvals," the bank said in a release.

It also said that it was in talks with other global investors. Yes Bank shares have more than doubled in October.

Fundraising had been a major overhang for the bank. Investors would also watch results of the company for the quarter ending Sept 30, 2019, which are due later on November 1.

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