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Yes Bank Board okays fund raising by Further Public Offering
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SME Times News Bureau | 08 Jul, 2020
Yes Bank on Tuesday said that its Capital Raising Committee of the Board
of Directors has approved raising funds by way of a further public
offering.
The committee took the decision at its two-hour long meeting on Tuesday.
"The
Capital Raising Committee of the Board of Directors of the Bank
('CRC"'), at its meeting held earlier today i.e., July 7, 2020, has
approved raising funds by way of a further public offering," the bank
said in a regulatory filing.
It further said that post closure of
the requisite formalities with the Registrar of Companies, Maharashtra
at Mumbai, the details in respect of the offer will be disseminated in
accordance with the provisions of the Securities and Exchange Board of
India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The
bank's CRC will again meet on or after July 10 to consider and approve,
amongst other things, the price band and discount, if any, as permitted
under the provisions of the SEBI ICDR Regulations.
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