YES Bank eyes retail, SME bank
Posted on 7th June 2014 |
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MUMBAI: After raising $500 million (Rs 2,942 crore) through a qualified institutional placement (QIP), Rana Kapoor, MD & CEO, YES Bank, is keeping an eye on acquisition opportunities in the nature of a retail bank, with the right people at the right price. |
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Madhu Kapur writes to YES Bank shareholders
Posted on 5th June 2014 |
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Madhu Kapur, widow of YES Bank co-founder Ashok Kapur, has appealed to the bank's shareholders to vote against most resolutions to be placed at the lender's annual general meeting on June 14. "It is important to first clarify that as the second-largest shareholder of the bank, I do not desire the functioning of the bank to be disrupted in any manner whatsoever. |
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YES Bank gets $500 mn via QIP
Posted on 31st May 2014 |
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Private Sector lender YES Bank has raised $500 million via the qualified institutional placement (QIP) route. With this issue, the promoters have divested 12.9 per cent stake in the bank. Earlier the promoter shareholding in the bank stood at 25.55 per cent but after the QIP issue the stake has come down to 12.65 per cent. |
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YES Bank to raise $500 mn via share sale
Posted on 30th May 2014 |
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Private sector lender YES Bank is set to raise $500 million by issuing fresh shares to a cluster of investors. This will lead to dilution of 10-12 per cent in promoter shareholding. Officials involved in the qualified institutional placement (QIP) said the bank would sell shares at Rs 540-550/share. Goldman Sachs, Deutsche Bank, UBS, HSBC, JM Financial and Motilal Oswal Financial Services are the lead arrangers for the issue. |
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