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Home » Companies News

Yes Bank gets nod to raise Rs 2,500 crore via debt securities

In a regulatory filing, the bank said that it will raise funds in one or more tranches on private placement basis from time to time. 

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Yes Bank gets nod to raise Rs 2,500 crore via debt securities
Post the announcement, the shares of the bank dropped by 2%. Photo: Official website
By ZeeBiz WebTeam
Updated: Thu, Sep 29, 2016
05:09 pm
Mumbai, ZeeBiz WebDesk
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Yes Bank on Thursday received approval from its Board of Directors and shareholders to raise Rs 2,500 crore worth funds through non-convertible debt securities. 

In a regulatory filing, the bank said that it will raise funds in one or more tranches on private placement basis from time to time. 

"Pursuant to Regulation 50(2) of Sebi Regulations, 2015, we wish to inform you that pursuant to approvals, the bank proposes to raise funds by issuing Senior Unsecured Listed Rated Redeemable Long Term Bonds in the form debentures amounting to Rs 1000 crore, with a Green Shoe Option for an additional amount of upto Rs 1500 crore on private placement basis."

Post the announcement, the shares of the bank dropped by 2%. At 1430 hours the shares of the bank were trading at Rs 1244 per piece, down 1.93%, or Rs 24.50 on BSE.

TAGS:
Yes BankYes Bank share pricedebt securitiesBanking & Financial Services
RELATED NEWS
Moody's upgrades outlook on Yes Bank to stable Moody's upgrades outlook on Yes Bank to stable
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Stock Alert! This private bank will give you 61% returns ahead; do you have it in your kitty? Stock Alert! This private bank will give you 61% returns ahead; do you have it in your kitty?
Buy it, when cheap; no major issue in Yes Bank’s asset quality now - Experts give green signal! Buy it, when cheap; no major issue in Yes Bank’s asset quality now - Experts give green signal!
Did you buy Yes Bank shares recently? They just made you very rich as risk pays off massively! Did you buy Yes Bank shares recently? They just made you very rich as risk pays off massively!

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