Yes Bank plans to raise $150-200 mn via QIP
Yes Bank plans to raise $150-200 million through private placement of shares this fiscal, a senior bank official said. - Yes Bank net up 19% - UPDATE: Yes Bank net up 19% at Rs 126 cr - Results today, tomorrow: Wipro, Tata Power - Steel Exchange to issue securties worth Rs 300 cr - Yes Bank to set up PE firm - Viceroy Hotels gains on QIP plans "We plan to raise $150-200 million through a QIP (Qualified Institutional Placement) by end-March 2010," Yes Bank"s President-Financial Markets and Chief Financial Officer Rajat Monga told PTI here today. The bank is also mulling raising Rs 75-80 crore through a perpetual instruments--a combination of equity and debt-- issuance this fiscal, Monga said. "We aim to have a total capital in excess of Rs 5,000 crore by beginning of next fiscal (FY11). This will enable us to do more business with both existing and new customers," he said. On new businesses, Monga said the bank was looking at opportunities in electronic broking, alternate asset management and mutual funds. According to him, the bank is working towards starting two new businesses this calendar year.fastloans commented:
This is a good step taken by Yes Bank that they are planning to raise $150-200 mn via QIP. However Yes Bank already net up 19 percent.
26.11.2011
12 months loans commented:
About eight merchant bankers have approached the bank and close to four of them have been finalised while the presentations are still on.
29.11.2011
Trade Forex commented:
Analysts say that this fund raising can take care of the bank\'s credit need for next three years.
05.12.2011
learn to trade forex commented:
The bank is also mulling raising Rs 75-80 crore through a perpetual instruments--a combination of equity and debt-- issuance this fiscal.
09.12.2011
short term loans for bad credit commented:
That has to be happen becuase you have to take some or other measure to safeguard the future of bank
25.01.2012
htc sensation xl deals commented:
well this news about QIP and pricing is from \"ET Now\" please check the relevant link in my previous message.
26.01.2012