Yes Bank to consider raising funds on March 26

Yes Bank to consider raising funds on March 26

Yes Bank has informed the exchange on Monday that the meeting of the board of directors of the bank is scheduled on March 26, 2020.

The board to consider and approve a proposal for raising funds by issue of equity shares/depository receipts / convertible bonds/debentures/warrants / any other equity-linked securities, through permissible modes including but not limited to a qualified institutions placement, rights issue, further public offer, etc., subject to such approvals, as may be required under applicable laws, Yes Bank said in the filing.

Further, the Trading Window for dealing in Securities of the Bank shall remain closed for Designated Persons and for Connected Persons commencing from March 24, 2020, and expiring on March 28, 2020, and, hence, they are not permitted to trade in Securities of the Bank till March 28, 2020, the bank added.

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