Yes Bank likely to raise nearly Rs 6,653 crore from overseas investors in FY17
"We have now headroom of about 32% with the approval. There is no immediate need for raising capital but depending on market conditions, we can raise during the current fiscal," Yes Bank Managing Director Rana Kapoor told PTI.
Yes Bank got the approval to raise the limit without any sub-limits for investment by way of issue of non-equity shares and/or other permissible instruments to eligible non-resident investors. Image Source: Reuters