Private sector lender Yes Bank today informed stock exchanges that it has received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares. It is subject to regulatory approvals/conditions as well as bank’s board and shareholders approvals, the bank said. Yes Bank shares surged as much as 35% to ₹76.65 after the announcement. The bank however did not disclose the name of the investor.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com
