India's Yes Bank to raise up to $1.7 billion via equity, debt issue (updated)
29/06/2026 14:45
UPDATE 1-India's Yes Bank to raise up to $1.7 billion via equity, debt issue Adds details throughout
June 29 (Reuters) - India's Yes Bank YESB.NS will raise up to 160 billion rupees ($1.69 billion) via a mix of equity and debt issue, the lender said on Monday.
The bank's board approved an equity issuance of up to 75 billion rupees and a debt issuance of up to 85 billion rupees.
It did not disclose the fundraising instruments.
Yes Bank said the fundraising would not result in more than 10% dilution of existing shareholders' stake.
The lender's capital adequacy ratio stood at 15.3% at the end of March, compared with 15.6% a year earlier. The regulatory minimum is 9%.
($1 = 94.5400 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
((Nishit.Navin@thomsonreuters.com;))
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