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Yes Bank to raise Rs.16,000-Cr via equity, debt
Source Mint (opens in a new tab)
Mumbai-based Yes Bank plans to raise INR 16,000 crore, consisting of INR 7,500 crore through equity and INR 8,500 crore through debt. The bank’s board has approved the issuance of eligible equity securities.The bank plans to use the fresh capital to expand its balance sheet and enhance operational efficiencies.
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Between Feb 2004 and Aug 2022, YES Bank had attracted about $ 1,545 M from AIF Capital, ChrysCapital, TRG Global Private Equity, Richard Chandler Corp, Norwest, WestBridge, White Oak Capital Management, Advent International, Carlyle and JC Flowers.For FY25, YES Bank had reported about INR 30,895 Cr in Operating Income and about INR 2,406 Cr in PAT.