Yes Bank bonds worth Rs 21,000 cr on 'credit watch' by CARE
The bank has been in the process of raising a significant amount of equity capital and had received a binding offer from an investor of $1.2 billion, valid till November 30, 2019 which was further extended to December 31, 2019, subject to regulatory and other approvals.
Care Ratings on Tuesday placed Yes Bank`s bonds worth Rs 21,000 crore on "credit watch with negative implications" citing the continued delay in raising core equity capital, Photo: Reuters