INSUBCONTINENT EXCLUSIVE:
(EoI) from JC Flowers - Co, Tilden Park Capital Management, OHA (UK) and Silver Point Capital.
The stock shrugged off a downgrade of its
long-term issuer rating on certain debt instruments by India Ratings.
The stock jumped 5.68 per cent to hit a high of Rs 37.20 on BSE.
YES
Bank is currently in discussions with investors on the commercial terms, including pricing, of their investments.
Independent market expert
Sandip Sabharwal in a tweet said, "The quality of investors who have shown interest in YES Bank is significantly better than the last time
and the RBI I guess should have no issues." Finally, a stock bottom could be around the corner, he added
process has the bank's fullest attention, it would like to inform the exchanges that it will publish its unaudited financial results for
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, 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
