Board of Yes Bank approves fundraising plan of Rs 10,000 crore

Yes Bank Limited made the announcement on Thursday after the market hours that its board has considered & approved fundraising in Indian/foreign currency up to an amount of Rs 10,000 crore. 

The funds will be raised by the issue of debt securities, including but not limited to, non-convertible debentures, bonds, medium-term note (MTN) etc.  

Reacting to this, the company’s stock today increased by 2.46 per cent and made an intraday high of Rs 15 per share.  

The company reported a net loss of Rs 3,790.92 crore in Q4FY21. In Q4FY20, it had reported a net profit of Rs 2,665.19 crore. The company reported a total income of Rs 4,834.92 crore for Q4FY21, which is a decrease of 17.24 per cent as against the total income of Rs 5,842.80 crore for Q4FY20.  

Yes Bank Limited is engaged in providing banking services, which include corporate & institutional banking, financial markets, investment banking, corporate finance, branch banking, business & transaction banking as well as wealth management.  

According to BSE data, the stock traded at a price-to-book ratio of 1.10. The stock has a 52-week high and a 52-week low of Rs 31.70 and Rs 11.10, respectively.    

At 10.37 am, the stock of the company was trading at Rs 14.68, up by 0.27 per cent on BSE.