new Delhi. Yes Bank is making great preparations for fund raising. For this, the bank is going to have a board of directors on 22 January. In this meeting, fund raising by issuing equity shares, depository receipts or debentures will be discussed. Also, the board will consider and approve the results for the quarter ended December 22 on January 22.
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Meeting will be held on 22 January
In a regulatory filing, the bank stated that its board of directors would “consider raising funds through equity shares / depository receipts / convertible bonds / debentures / warrants / any other equity linked securities, with the necessary shareholders / regulatory approval regulator.”
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Had raised 15 thousand crores
Last year, the restructured bank raised Rs 15,000 crore through a follow-on public offering. Indeed, public and private sector banks are strengthening their capital buffers during this difficult time created by the epidemic.
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Stock marginally up
Today, Yes Bank shares closed at Rs 17.70 on the Bombay Stock Exchange, up 0.28 per cent. Whereas the company’s stock opened at Rs 18.10 today, which had touched an all-time high of Rs 18.15. At the same time, the stock had hit a day’s low with Rs. Let us tell you that the bank’s stock closed at Rs 17.65 on Friday.