Yes Bank gains nearly 7% post RBI's approval to raise capital

12 Dec 2022 , 12:55 PM

Yes Bank shares rose about 7% in intraday trade in the Monday afternoon session, reaching a 52-week high of Rs 21.15 after the private lender received RBI approval to raise capital from Carlyle, Verventa Holdings.

The Reserve Bank of India (RBI) gave Yes Bank the final approval for its proposed capital raise plan from the Carlyle Group and Verventa Holdings on Friday.

“The bank has got two additional letters (one for each investor) regarding the proposed investment from the RBI. As a result, the bank will now engage with investors to complete the proposed capital raise, subject to various regulatory compliances and conditions precedent as specified in the respective investment agreements,” Yes Bank stated in a BSE filing on Monday.

At around 12.44 PM, Yes Bank’s counter was quoted at Rs21.05, up by 6.85% against the previous close of Rs19.70 on NSE. The counter hit an intraday high and low of Rs21.20 and Rs19.65 respectively.

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