Yes Bank gets $1.2 billion lifeline, Rana Kapoor role to shrink further4 min read . Updated: 01 Nov 2019, 12:23 AM IST
- Yes may raise the $1.2 bn from multiple investors for ease of getting an RBI approval
- The investment, if cleared by the RBI, will diminish the shareholding of Yes Bank’s original promoters Rana Kapoor and late Ashok Kapur’s wife Madhu Kapur
MUMBAI : Yes Bank Ltd on Thursday said a global entity has made a binding offer to invest $1.2 billion in the cash-starved lender through an issue of new shares, boosting its stock by as much as 35%, even as concerns remain about whether the proposal will pass muster with the banking regulator.
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