YES Bank shares climb 5% on fund-raising plan; board to meet on Jan 10

YES Bank said it would discuss and consider raising of funds by issue of equity shares or depository receipts/ convertible bonds/debentures or any other equity-linked securities.

Shares of YES Bank gained 5 per cent to Rs 47.25 on the BSE in the early morning trade on Wednesday after the private sector lender announced it will hold a board meeting on Friday, January 10 to discuss fund raising.

In an exchange filing, YES Bank said it would discuss and consider raising of funds by issuing equity shares or depository receipts/ convertible bonds/debentures or any other equity-linked securities. The bank has been in discussions with potential investors to raise funds for a long time.

The stock has underperformed the market by falling 36 per cent from its