NEW DELHI : The board of directors of Yes Bank will meet on Friday to consider fund raising through issue of fresh equity. The bank had earlier announced that it had received a binding offer from a global investor for an investment of $ 1.2 billion. In an earlier filing, Yes Bank had said that the bank intends to convene a meeting of its board of directors by end of this month to finalise its capital raise. In an investor presentation this month, Yes Bank said it had received multiple other non-binding but strong bids from marquee domestic and global institutional investors and family offices. "The Board is evaluating all bids to ascertain the most optimal capital solution for the Bank," it said.

Source: Mint November 27, 2019 10:18 UTC