Yes Bank set to raise capital via FPO, approval received to raise funds up to Rs.15,000 crores
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The Yes Bank board of directors have given their nod to raise funds of Rs.15,000 crores via public offer FPO. The Capital Raising Committee (CRC) of the board of directors of the bank held a meeting on July 7. The CRC will meet again on July 10 to finalise further details of the fundraising. The bank will also soon file all the requisite FPO documents with market regulator SEBI and the registrar of companies before issuing its final public offer (FPO). The Yes bank capital adequacy ration stood at 8.5% as of March 31,2020. Tilden Park Capital is rumoured to be one of the big investors looking to take part in the round. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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