YES Bank set to raise up to Rs 10,000 cr, won't proceed with Braich offer

The bank also said it would not proceed with a $1.2 billion offer from Canadian investor Erwin Singh Braich and SPGP Holdings announced earlier

1 min read Last Updated : Jan 10 2020 | 9:56 PM IST

Yes Bank Ltd said on Friday it would raise up to Rs 100 billion ($1.41 billion) through the issue of new securities.

The bank also said it would not proceed with a $1.2 billion offer from Canadian investor Erwin Singh Braich and SPGP Holdings announced earlier.

First Published: Jan 10 2020 | 9:49 PM IST