IndiaCatalog.com
India News
Search Web Directory
News Home
Yes Bank shares tank nearly 14% despite RBI's nod to raise capital
Posted on 30th September 2019
New Delhi: Yes Bank shares nosedived almost 14% on Monday even after the Reserve Bank of India (RBI) gave its nod to raise capital. At 12:30 pm, shares of Yes Bank were trading at ₹42 down 13.93% on BSE. The stock had touched its 52-week low at ₹41.50 on Monday morning. On NSE, the stock was down 13.85%.

The stock was the biggest laggard on both the equity benchmark indices.

The stock opened at ₹48.40, touched a high and low of ₹49.10 and ₹42.50, respectively. The stock lost 21% in the last four days.

"Further to our communication dated September 25, 2019 on the captioned subject, the Bank is pleased to inform you that it has received acknowledgment from the Reserve Bank of India to go ahead with the proposed increase in its authorized share capital. The Bank shall now seek necessary shareholders' consent and proceed expeditiously with its capital raise," Yes Bank said in a regulatory filing.

The bank got approval to raise its authorised share capital to ₹1,100 crore from ₹800 crore.

Meanwhile, Yes Bank co-founder Rana Kapoor’s family business Yes Capital (India) Pvt. Ltd sold a 1.82% promoter group stake for ₹241.52 crore last week. The identity of the buyer is not known.

In an exchange filing on 21 September, the total holding of Kapoor and his two family-owned entities—Yes Capital and Morgan Credits Pvt. Ltd (MCPL)—came down from 9.64% to 6.89% after MCPL and another Kapoor-group promoter entity sold a combined stake of 2.75% to an undisclosed buyer.

Related Companies: Yes Bank   

Other Latest News
AIMPLB to decide on filing Ayodhya verdict review petition in SC today
Posted on 16th November 2019
The All India Muslim Personal Law Board (AIMPLB) is likely to take a call on whether to file a review petition in the Supreme Court's final verdict in the Ayodhya land dispute case.

A meeting of AIMPLB is expected to take place today in Lucknow to decide on call to be taken by the board in the Ram Janmabhoomi-Babri Masjid case verdict by the Supreme Court.


Maharashtra: BJP afraid MLAs may defect, says NCP’s Nawab Malik
Posted on 16th November 2019
The Maharashtra BJP is bedevilled by the trepidation that politicians who joined the party ahead of the October 21 Assembly polls will defect and, hence, its leaders are claiming they will form government in the state, the NCP said on Saturday. NCP chief spokesperson Nawab Malik made the remarks a day after Maharashtra BJP chief Chandrakant Patil said his party will soon form the government and claimed it can count on the support of 119 MLAs, including Independents, in the 288-member Assembly.

SAT pulls up Sebi for 'shabby' handling of complaints from investor
Posted on 16th November 2019
The Securities and Appellate Tribunal (SAT) has hauled up the Securities and Exchange Board of India (Sebi) for giving computer-generated response to investor complaints filed on its online platform Scores and for disposing of the matter without settling the case.

“We find the approach adopted by Sebi to be a strange one. Such computer-generated disposal of a serious complaint speaks volumes on the conduct in treating the minority shareholders in this shabby manner,” the tribunal said while delivering a judgment on a matter related to an investor complaint.


US to extend licence for its firms to continue business with Huawei: Report
Posted on 16th November 2019
The Trump administration is set to issue a two-week extension of a licence allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalised due to regulatory hurdles, said one source who was briefed on the matter.


SC sets aside NCLAT order, paves way for Arcelor to acquire Essar Steel
Posted on 16th November 2019
The Supreme Court on Friday brought down the curtains on an epic battle for debt-laden Essar Steel, paving the entry of the world’s largest steel maker, ArcelorMittal, into the second-biggest steel market, India.

In a ruling that would have a far-reaching impact on cases under the Insolvency and Bankruptcy Code (IBC), the apex court has set aside the National Company Law Appellate Tribunal (NCLAT) order that put a different class of creditors — financial vis-a-vis operational creditors as also secured and unsecured financial creditors — on a par.


» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for Yes Bank shares tank nearly 14% despite RBI's nod to raise capital
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Yes Bank shares tank nearly 14% despite RBI's nod to raise capital

Most Read News

Auto slowdown: Car sales continue to slide; decline by 6.34% in October

Govt gives sugar mills time till Dec 31 to export last year's balance quota

Govt must read ‘extremely important’ dissent order in Sabarimala verdict: Justice Nariman

Supreme Court: CJI Ranjan Gogoi's last working day today, Bar Association to organise farewell ceremony

There will be Shiv Sena CM in Maharashtra, no matter what: Sanjay Raut

More India News

Photo Gallery

Bajaj RE60(10 Images)Bajaj RE60
Raj Tarun(11 Images) Raj Tarun
Janatha Garage(11 Images) Janatha Garage
  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement