INSUBCONTINENT EXCLUSIVE:
Private lender YES Bank, which is engaged in fundraising exercise, on Wednesday said it has received non-binding expressions of interest
(EOI) from investors including JC Flowers, Tilden Park Capital, OHA UK and Silver Point Capital.
The bank is currently in discussions with
these investors on the commercial terms, including pricing, of their investments.
In a regulatory filing, the lender also said that it
bank''s fullest attention, it would like to inform the exchanges that it will publish its unaudited financial results for the quarter and
general meeting held in Mumbai
A special resolution to allow capital raising through issuance of equity shares or other convertible securities of Rs 10,000 crore was also
passed.
Earlier last week, ET had reported that the lender had picked Cantor Fitzgerald, led by former Deutsche Bank global co-CEO Anshu
Jain, and local investment banks IDFC Securities and Ambit Capital to raise funds that would help the lender expand its loan book
Yes Bank plans to raise up to $2 billion to shore up its capital base.
