Yes Bank surges on getting nod to raise funds up to Rs 2,500 crore
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Yes Bank is currently trading at Rs. 16.13, up by 0.15 points or 0.94% from its previous closing of Rs. 15.98 on the BSE.
The scrip opened at Rs. 16.01 and has touched a high and low of Rs. 16.30 and Rs. 16.01 respectively. So far 5576577 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.75 on 14-Dec-2022 and a 52 week low of Rs. 12.50 on 24-Jun-2022.
Last one week high and low of the scrip stood at Rs. 16.73 and Rs. 15.90 respectively. The current market cap of the company is Rs. 46469.16 crore.
The Institutions and Non-Institutions held 60.89% and 39.10%, stake in the bank, respectively.
Yes Bank has received approval for borrowing/raising funds in Indian/foreign currency up to an amount of Rs 2,500 crore by issue of debt securities including but not limited to non-convertible debentures, bonds, Medium Term Note (MTN) etc. in terms of Section 42, 71 and other applicable provisions of the Companies Act, 2013 read with Rules thereunder, SEBI (Issue and Listing of Debt Securities) Regulations, 2008, the SEBI Listing Regulations and other applicable laws, if any, which is subject to necessary approvals from shareholders/ regulators, as applicable.
The Board of Directors of the Bank in its meeting held on June 23, 2023, have considered and approved the same.
Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, corporate finance, branch banking, business and transaction banking, and wealth management.
