According to a release issued by the bank to the BSE, Yes Bank yesterday said that its board has approved a plan to raise up to $ 1 bn by selling stock in local or overseas markets to shore up its capital base.
Yes Bank continues to trade on a gung-ho note on the BSE, on the back of positive news flow.
According to a release issued by the bank to the BSE, Yes Bank yesterday said that its board has approved a plan to raise up to $ 1 bn by selling stock in local or overseas markets to shore up its capital base.
Recently, Yes Bank reported 28 percent growth in Q4 net profit to Rs 550. 99 crore on year-on-year basis.
The stock has surged to a high of Rs. 828 so far on the BSE. Now, Yes Bank is up over 3.5 percent at Rs. 823.
The counter has register trades of around 234,000 shares as against the daily average volume of 407,000 shares in the past two weeks.
Meanwhile, the BSE Sensex has jumped 157 points at 28,047
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