The lender, which is planning to raise as much as $2 billion via share sale, wants to keep options open as it negotiates with prospective investors.
MUMBAI: Yes Bank is seeking exemption from Sebi to raise funds under the qualified institutional placement (QIP) programme as a backstop for its ongoing plan to sell stake via preferential allotment, people familiar with the matter said. The lender, which is planning to raise as much as $2 billion via share sale, wants to keep options open as it
6% to close at Rs 45.35 on BSE. The Citax bid, if approved, could lead to the investor owning 12-13% of equity with other investors owning lesser stake. The domestic investors seeking to participate in Yes Bank share sale include GMR Group ($50 million), Aditya Birla Family Office ($25 million) and Rekha Jhunjhunwala ($25 million), the bank had said.