Yes Bank outcome of board meeting

Apr 17, 2013, 02.15 PM IST

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Yes Bank outcome of board meeting

Yes Bank has empowered the Capital Raising Committee, a sub Committee of the Board, to raise funds by way of issuance of equity capital up to USD 500mn in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of QIP or any other international offering like (GDRs)/ (ADRs).

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Yes Bank outcome of board meeting

Yes Bank has empowered the Capital Raising Committee, a sub Committee of the Board, to raise funds by way of issuance of equity capital up to USD 500mn in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of QIP or any other international offering like (GDRs)/ (ADRs).

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Yes Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on April 17, 2013, inter alia, has empowered the Capital Raising Committee, a sub Committee of the Board, to raise funds by way of issuance of equity capital up to US$ 500 million in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of Qualified Institutions Placement (QIP) or any other international offering like Global Depository Receipts (GDRs)/American Depository Receipts (ADRs), Ordinary Shares through (Depository Receipt Mechanism) Scheme 1993, Follow on Public Issue or by any other appropriate mode as decided by the Capital Raising Committee.Source : BSE

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