Yes Bank raises Investment of $1.1 billion (Rs 8900 Cr)š¤š¤
Yes Bank on 29th July said that it would raise funds through a combination of Rs 5,100 crore (about USD 640 million) in equity shares and Rs 3,800 crore (USD 475 million) through equity share warrants from funds affiliated with Carlyle and Advent International. Each of the firms could potentially acquire 10% of Yes bank each after the transaction.
As a result of this deal, the bankās common equity tier-1(CET) ratio is likely to move from 11.9% to 14%. (CET ratio compares bankās capital against its assets, minimum regulatory requirement for banks is 8%)
An EGM (Extraordinary general meeting) is called on August 24th to seek shareholdersā approval for the deal.
Do you think with this capital injection, can Yes bank can capitalize on the growth opportunities and enhance its positioning in the Indian banking spaceā
