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Yes Bank has got shareholders approval to raise around Rs 16,700 crore by issuing various instruments in one or more tranches.
Yes Bank has said in a BSE filing that “The shareholders have approved through special resolution to raise capital aggregating up to USD 1 billion (around Rs 6,700 crore) by issue of shares or convertible securities in one or more tranches in the course of domestic and/or international offerings.”
It added that the share holders also approved through special resolution the proposal to borrow/raise funds in Indian/foreign currency by issue of debt securities including but not limited to non convertible debenture, medium term notes and bonds up to a total amount of Rs 10,000 crore.
