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YES Bank expands equity offer to $2 bn; board meet on December 10

Dec 02, 2019 12:35 IST

Yes Bank's board has decided to raise nearly 2 billion dollars. The bank said it is in discussion with the family office of Erwin Singh Braich and SPGP Holdings who have shown strong interest to invest 1.2 billion dollars in the bank. The rest will be bought by private equity investors Citax Holdings and Citax Investment Group. However, none of the investors will be allotted equity shares such that their holding exceeds 25% of the share capital of the bank.

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