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Yes Bank raises Rs 4906 crore through QIP

Yes Bank raises Rs 4906 crore through QIP

Saturday, April 1, 2017, 7:27 AM

Yes Bank has raised Rs 4,906.65 crore by selling 3.27 crore shares at Rs 1500 a piece to domestic and international investors in qualified institutional placement that closed last week, the bank said in a statement. The fresh funds will increase the bank's capital adequacy ratio to 20% helping fuel the bank's growth in the next few years.
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