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Home / Companies / News /  Yes Bank gets shareholders' nod to raise up to 10,000 crore

Yes Bank received shareholders' approval to increase authorised share capital of the bank to 1,100 crore from 800 crore.

At the Extraordinary General Meeting, the cash-starved private lender also received shareholders' nod to raise up to 10,000 crore via issuance of equity shares or other convertible securities.

Earlier this week, Yes Bank appointed Anshu Jain-headed global investment bank Cantor Fitzgerald and two domestic entities for its fundraising plans to raise $2 billion.

Other merchant bankers appointed by the capital-starved lender include IDFC Securities and Ambit Capital.

In January, Yes Bank had rejected Erwin Singh Braich's $1.2 billion investment offer. On Friday, the Yes Bank stock on NSE closed 0.39% at 38.7.

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