Yes Bank Private sector To Raise Over Rs 16500 Crore Via Equity Debt, Private region credit authority Yes Bank on Wednesday said its Board has supported raising over Rs 16,500 crore through issue of worth capital furthermore commitment securities in one or more tranches.
“The Board of Directors…have embraced raising of benefits by strategy for issuance of quality capital up to $1 billion (Rs 6,650 crore) in one or more tranches on such terms and conditions as it may regard fit subject to underwriting of the shareholders,” Yes Bank said in a BSE recording.
It further said: “The issuance may be by strategy for qualified establishments position (QIP) or some other all inclusive offering like overall store receipts (GDRs)/American storage facility receipts (ADRs), or by some other legitimate mode as picked by the Board or Committee thereof.”
The bank incorporated that its Board moreover embraced “raising of benefits by strategy for issuance of commitment securities including however not obliged to non-convertible debentures, MTN (Medium Term Notes), securities up to Rs 10,000 crore (in INR or FCY) by the Bank, in one or more tranches and/or course of action, in family unit and/or abroad market.. on private circumstance”.
Yes Bank on Wednesday reported 27.42 for every penny rise in standalone net advantage at Rs 702.11 crore for the last quarter completed March 2016 as against net advantage of Rs 550.99 crore in the relating quarter of 2014-15.