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Yes Bank stocks jump 24 pc on investment offer of USD 1.2 bn
During the trading hours, the bank informed that it had received a binding offer from a global investor for an investment of USD 1.2 billion in the bank through fresh issuance of equity shares, subject to regulatory approvals or conditions.
Mumbai
Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion.
On the BSE, the company's shares gained 24.03 per cent or Rs 13.65 to Rs 70.45 per share.
It touched a high of Rs 76.65 and a low of Rs 54.90 during the day.
Earlier, in the day, the bank in a regulatory filing said: "The Bank would like to inform that it has now received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares, subject to regulatory approvals or conditions as well as Bank's Board and Shareholders approvals."
Yes Bank Limited is a private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004.
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