Signals, Powered By EquityPandit
Yes Bank is aiming to raise USD 1 billion from overseas investors in the current fiscal as it has recently received government’s approval to increase foreign investment to 74 percent.
Rana Kapoor, Yes Bank Managing Director has said that “We have now headroom of about 32 percent with the approval. There is no immediate need for raising capital but depending on market conditions, we can raise during the current fiscal.
He further said that the bank has already got the approval of its board of directors to raise an additional USD 1 billion of equity capital and it will be done in single tranche.
