INSUBCONTINENT EXCLUSIVE:
YES Bank's board has actually authorized fund raising of approximately Rs 10,000 crorePrivate lender YES Bank's board has actually
authorized raising funds of as much as Rs 10,000 crore, it informed in a regulative filing
The board of directors of Yes Bank in its conference hung on December 21, 2021, inter alia, have actually thought about and authorized
raising of funds by problem of equity shares, depository invoices, convertible bonds, debentures, warrants and any other equity-linked
securities, through acceptable modes, based on needed approvals from investors/ regulators, as appropriate for an amount approximately Rs
10,000 crores, the filing read.YES Bank further informed that consequently it will be seeking approval from its investors, which in impact
would result in looking for an extension on the existing investor approval that is set to end on February 28, 2022
The YES Bank board had previously in June 2021 provided its nod to raise another Rs 10,000 crore through debt securities issuance.
