YES Bank looks to raise up to Rs 10,000 crore equity capital

There were reports that private equity groups such as Carlyle and Advent International are looking at a significant investment in the bank

Private lender YES Bank is looking to raise equity capital to the tune of up to Rs 10,000 crore by selling shares through a qualified institutions placement (QIP) or in international markets through global depository receipts, American depository receipts, foreign currency convertible bonds, or other instruments, the lender said in a notification to the London Stock Exchange.

The capital raise is to further strengthen its common equity tier-1 (CET-1) ratio, ensure there is capital to support growth, and maintain adequate buffers to deal with any unforeseen impact from a position of strength. As of December, the private lender had