YES Bank extends fall, slips 19% on concerns over fund-raising plan

Shares of YES Bank slipped up to 19 per cent to Rs 41 in the intra-day trade on Wednesday on the BSE on concerns of the private sector lender’s fund raising plan. The bank on Tuesday told stock exchanges that it was considering the $500 million offer made by Citax Holdings and Citax Investment Group. The total value of the offers was $2 billion, the lender said.

“The board is willing to favourably consider the offer of US $500 million of Citax Holdings and Citax Investment Group and the final decision regarding allotment to follow in the next board