Yes Bank hired 11 banks to manage the share sale to raise up to $1 billion by selling new shares to institutional investors. Photo: BloombergMumbai: Yes Bank Ltd on Thursday deferred its proposed $1 billion (Rs.6,642 crore) institutional private placement after its stock declined more than 5% following the fund-raising announcement. On Thursday, shares of Yes Bank fell 5.32% to Rs.1,330.65 on BSE, while the Sensex advanced 0.4% to 29,045.28 points. Yes Bank hired 11 banks to manage the share sale to raise up to $1 billion by selling new shares to institutional investors. Ltd and CLSA India Pvt.

Source: Mint September 08, 2016 12:19 UTC