For Quick Alerts
For Daily Alerts

Yes Bank Shares Surge Over 20% On Fund Raising Plans


Shares of Yes Bank jumped more than 20 percent on Friday to an intraday high of Rs 33.25 on NSE. The surge comes after the bank said on Thursday that its board approved the proposal to raise up to Rs 5,000 crore additional funds over and above the Rs 10,000 crore approval already in place, aggregating the total to Rs 15,000 crore.

Yes Bank Shares Surge Over 20% On Fund Raising Plans
YES Bank: Quotes, News
BSE 23.95BSE Quote1.5 (6.26%)
NSE 23.95NSE Quote1.5 (6.26%)

The bank in its filing said that the funds will be raised by way of issuance of securities but not limited to through a qualified institutions placement/ public issue, rights issue, global depository receipts, American depository receipts, foreign currency convertible bonds or any other permissible mode.

The bank recently returned to normalcy after the resolution plan drafted by the Reserve Bank of India (RBI) was approved by the government. As part of the plan, the State Bank of India along with seven other major Indian banks injected Rs 10,000 crore into the bank to rescue it from its widespread crisis.

Read more about: yes bank
Story first published: Friday, March 27, 2020, 10:15 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
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