REG - YES Bank Limited - Disclosure under Indian Listing Regulations

Yes BankAnnouncement

10/12/2019 13:35

RNS Number : 4003W
YES Bank Limited
10 December 2019
 


 
YBL/CS/2019-20/131
 
December 10, 2019
 



India International Exchange IFSC Limited
101 First Floor, Hiranandani Signature Tower,
GIFT City IFSC - 382355, Gujarat, India


The Singapore Exchange Securities Trading Limited
2, Shenton Way #19-00
SGX Centre 1, Singapore 068804
 




The London Stock Exchange
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Dear Sirs,
 
Sub.:   Outcome of the Board Meeting held on December 10, 2019 - Disclosure under Indian Listing Regulations
 
This has reference to our exchange disclosure dated November 29, 2019, wherein we had informed you that the Board of Directors of YES Bank Limited ('the Bank') shall reconvene on Tuesday, December 10, 2019.
 
The outcome of the meeting of the Board of Directors is as follows:
 
1.   The Board is willing to favourably consider the offer of US$500 Million of Citax Holdings and Citax Investment Group and the final decision regarding allotment to follow in the next board meeting, subject to requisite regulatory approval(s).
 
2.   The binding offer of US$1.2 Billion submitted by Erwin Singh Braich / SPGP Holdings continues to be under discussion.
 
The Bank shall continue to evaluate other potential investors to raise capital upto US$ 2 Billion.
 
The Board of Directors meeting held today commenced at 11.00 AM and concluded at 04:15 P.M.
 
We request you to kindly take this on record.
 
Thanking you,
 
Yours faithfully,
For YES BANK Limited
 
 
 
Shivanand R Shettigar
Group Company Secretary




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