The meeting is scheduled to be held on January 22. On the same day bank’s Board will also consider and approve the results for the quarter ended December.
Last year, the restructured bank raised Rs 15,000 crore through follow-on public offering. (Photo: IANS)
The Board of Directors of Yes Bank are considering to raise funds by issuing equity shares, depository receipts or debentures among other options, in its upcoming meeting, the private lender said on Monday.
The meeting is scheduled to be held on January 22. On the same day bank’s Board will also consider and approve the results for the quarter ended December.
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In a regulatory filing, the bank said that its board of directors will consider raising of funds by “issue of equity shares/depository receipts/convertible bonds/debentures/warrants/any other equity-linked securities, through permissible modes subject to necessary shareholders/ regulatory approvals, as applicable.”
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Last year, the restructured bank raised Rs 15,000 crore through follow-on public offering.
Banks across public and private sectors have been strengthening their capital buffer amid the pandemic to sail through the tough times.
Around 3.20 p.m., its shares on the BSE were trading at Rs 17.75, higher by 0.57 per cent from its previous close.
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