Mumbai, March 21, 2017: A leading business news channel has made highly speculative statements regarding YES BANK’s potential QIP despite management denial issued as follows:
As a matter of policy, YES BANK does not comment on market speculations.
YES BANK management confirms that it has not appointed the two main Banks named by this leading business channel viz. Goldman Sachs and CSFB, and the QIP Issuance amount of USD 1 Billion is also totally incorrect.
Secondly, there has been no meeting of the Capital Raising Committee of YES BANK in the recent past, that has been held in this connection and therefore these rumours are totally unfounded and highly speculative.
Further, the leading business channel is misreporting the QIP target size at USD 1 Bn, along with highly speculative comments on proposed pricing/premium/discounting of stock price.
YES BANK shall make the requisite regulatory filings as and when YES BANK plans any capital market activity.
About YES BANK
YES BANK is a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.
YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 8 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/
For media queries, please contact: