Private sector lender Yes BankBSE -0.11 % today said its Board has approved raising over Rs 16,500 crore through issue of equity capital as well as debt securities in one or more tranches.
"The Board of Directors...have approved raising of funds by way of issuance of equity capital up to USD 1 billion (Rs 6,650 crore) in one or more tranches on such terms and conditions as it may deem fit subject to approval of the shareholders," Yes Bank said in a BSE filing.
The bank added that its Board also approved "raising of funds by way of issuance of debt securities including but not limited to non-convertible debentures, MTN (Medium Term Notes), bonds up to Rs 10,000 crore (in INR or FCY) by the Bank, in one or more tranches and/or series, in domestic and /or overseas market..on private placement".
Yes Bank today reported 27.42 per cent rise in standalone net profit at Rs 702.11 crore for the fourth quarter ended March 2016 as against net profit of Rs 550.99 crore in the corresponding quarter of 2014-15.
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