NEW DELHI: Private sector lender YES Bank on Sunday said it will raise $1 billion (about Rs 6,400 crore) by fresh equity and Rs 10,000 crore through non-convertible debentures (NCDs) and bonds.
www.sevagiri.com
The bank's shareholders, at its annual general meeting (AGM) on Saturday, approved the resolutions for re-appointment of Rana Kapoor as the managing director and CEO for a period of three years, the bank said.
They also approved an increase in its borrowing limit to Rs 50,000 crore, as also hiking the combined investment limit for foreign portfolio investors (FPIs) and foreign institutional investor (FIIs) to 74%.
Kapoor's reappointment was approved with a unanimous majority (99.97 per cent) excluding the vote of the shareholder Madhu Kapur family, the bank added. Shareholders also approved a dividend payout of Rs 9 per share.
www.sevagiri.com
The bank's shareholders, at its annual general meeting (AGM) on Saturday, approved the resolutions for re-appointment of Rana Kapoor as the managing director and CEO for a period of three years, the bank said.
They also approved an increase in its borrowing limit to Rs 50,000 crore, as also hiking the combined investment limit for foreign portfolio investors (FPIs) and foreign institutional investor (FIIs) to 74%.
Kapoor's reappointment was approved with a unanimous majority (99.97 per cent) excluding the vote of the shareholder Madhu Kapur family, the bank added. Shareholders also approved a dividend payout of Rs 9 per share.
Source - Times Of India
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