Private sector lender YES Bank on Thursday, October 31 said it received a binding offer of $1.2 billion for a stake purchase in the bank from a global investor.
“The bank would like to inform that it has now received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares,” the lender said in a release.
The bank’ shares increase by 34.95 per cent to 76.65 on the Bombay Stock Exchange.
In an earlier release, the bank had said it received strong interest from multiple equity and strategic investors for the capital raise.
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