YES Bank advances 4% after announcement of fund raising plan

Earlier, in March 2017, YES Bank had raised Rs 4,907 crore through QIP route, issued shares at a price of Rs 300 per share

YES Bank shares rose 4 per cent to Rs 270 in intra-day trade on the BSE on Tuesday after the private lender announced fundraising plan by way of issuance of equity shares.

“The board of directors of the bank is scheduled to meet on April 26, 2019 to consider raising of funds by way of issuance of equity shares including but not limited through preferential issue and/or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ or any other methods on private placement basis,” YES Bank said in a BSE filing.

Earlier,