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Yes Bank eyes $600 mn more after raising $270 mn from marquee investors
Posted on 16th August 2019
Mumbai: Yes Bank Ltd is planning to raise an additional $600 million from large investors to bolster its capital buffers, two people directly aware of the lender’s capital raising plans said.

The bank plans to raise more funds after its qualified institutional placement (QIP) offering that closed on Wednesday was oversubscribed, the people said on condition of anonymity. Yes Bank raised about $270 million in the fundraising.

Yes Bank shares fall to 5 year low; board’s capital raising committee to consider issue price on Aug 14
Posted on 13th August 2019
Extending the fall on Tuesday, YES Bank shares fell over 10 per cent after plunging nearly 8 per cent in the last session. However, the share price saw slight correction, even as YES Bank announced that its board’s capital raising committee (CRC) will consider the issue price for equity shares in regard to qualified institutional placement (QIP) on Thursday. YES bank shares hit their 5-year low of Rs 95.25. The stock of YES Bank ended the day at Rs 73.60, down 8.50 points, or 10.35 per cent on NSE.

Yes Bank fixes QIP floor price at Rs 87.90
Posted on 9th August 2019
Yes Bank on Thursday said the capital raising committee of the board has approved the floor price of Rs 87.90 per equity share for raising funds via qualified institutional placement (QIP). Shares of Yes Bank closed at Rs 89.15 on Thursday on the BSE.

Yes Bank also indicated that the committee at its discretion may offer a discount of not more than 5% on the floor price. A meeting of the committee has been slotted for August 16 to decide on the issue price for the equity shares, including a discount, if any.

Yes Bank ratings under review again
Posted on 6th August 2019
Mumbai: Global rating agency Moody's, on Monday, kept Yes Bank's ratings under review for a downgrade, noting that the private sector lender has more than Rs 10,000 crore of loans under a watchlist and Rs 7,500 crore investment in bonds that have been downgraded.

Yes bank acquires 18.5 per cent stake of Cox & Kings by invoking pledged shares
Posted on 27th July 2019
New Delhi: Yes Bank on Friday said it has has acquired 18.55 per cent stake in Cox & Kings by invocation of pledged shares.

The bank has invoked pledge on 3.27 crore equity shares having nominal value of Rs 5 per share, constituting 18.55 per cent of the post-issue paid-up share capital, of Cox & Kings, Yes Bank said in a regulatory filing.

ICRA downgrades YES Bank's long-term rating for bonds worth Rs 32,911 crore
Posted on 25th July 2019
Rating agency ICRA has downgraded private lender YES Bank’s long-term rating while maintaining a negative outlook on the bank, citing the lenders’ inability to reduce its exposure in the ‘BB’ and below-rated accounts and erosion in tier-1 capital on account of increase in risk-weighted assets and accelerated provisioning, leading to muted profitability.

Yes Bank to offer MSMEs up to Rs 3-crore loan through unique surrogate lending model
Posted on 24th July 2019
Easing working capital woes for India’s burgeoning MSME sector, private sector lender Yes Bank is offering secured working capital loan between Rs 1-3 crore in the form of overdraft, letter of credit, and financial bank guarantees. The bank has launched a programme called Smart Edge for MSMEs — a “first-of-its-kind surrogate lending model,” the company said in a statement,

YES Bank net falls 91% on higher provisioning
Posted on 18th July 2019
Private sector lender YES Bank on Wednesday reported a 90.97% year-on-year drop in its net profit for the April-June quarter at Rs 113.76 crore on account of lower income and higher provisioning.

Sequentially, the company reported a net loss of Rs 1,506.64 crore in the March quarter.

Yes Bank share price jumps 11% after reports of likely capital infusion by four PE players; what firm says
Posted on 16th July 2019
Shares of India’s major private sector lender Yes Bank surged on Tuesday after media reports indicated that four PE firms have shown interest to pick up a stake in the bank. Yes Bank shares jumped more than 10.8% to hit the day’s high at Rs 103.35. “US-based private equity investor made an offer to acquire worth $850 million stake in the bank, the term sheet offer for which was made over the weekend,” The Economic Times said in a report, citing sources as saying.

Yes Bank: A ship with multiple holes needs capital to plug them
Posted on 10th July 2019
Yes Bank shares have had a lousy run this year, losing a whopping 67% since April and underperforming benchmark indices by a massive margin.

Indeed, at the current price the stock trades at below its estimate book value for FY20. Even so, analysts are in no hurry to re-rate the stock.

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