Yes Bank Ltd - 532648 - Clarifies on News Item
With reference to news appeared in www.livemint.com dated October 07, 2019 quoting "Yes woos Microsoft for a strategic investment", Yes Bank Ltd has submitted to BSE a copy of Clarification is enclosed. YES BANK LTD. - 532648 - Clarification sought from Yes Bank Ltd
The Exchange has sought clarification from Yes Bank Ltd on October 07, 2019, with reference to news appeared in www.livemint.com dated October 07, 2019 quoting "Yes woos Microsoft for a strategic investment"The reply is awaited. Yes Bank Files Complaint Against Rumors About Its Financial Health
Yes Bank said it had requested the authorities to form a multi-disciplinary team of experts for detecting the origin of the fake news and assess the short-sell positions, held either directly... Sandip Sabharwal's top 3 picks for next three years
Some financials are in a virtuous cycle and some Like YES Bank are in a vicious cycle. YES BANK LTD. - 532648 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release - YES BANK Files Complaint with Mumbai Police and Cyber Cell Regarding Spread of Rumors and Fake News about the Bank YES BANK LTD. - 532648 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rana Kapoor Board united on raising as much capital as needed: Ravneet Gill
Lender in talks with PE, strategic investors and Indian family offices, says YES Bank's MD; notes that capital raising is on track Rana Kapoor's man Friday Rajat Monga quits Yes Bank; stock rises
The bank, which is known for high growth, is consolidating and taking a measured growth approach, Gill added.
Exposure to Indiabulls is not a concern, says Yes Bank CEO
The capital that we are looking to raise is entirely growth capital, it is not to clean up the books, said Ravneet Gill.Gill says the lender's exposure to Indiabulls is down by 30%
Rana Kapoor's daughters criticise sale of pledged YES Bank shares
YES Bank shares rose sharply after senior management provided clarifications on fundraising efforts and capital raising by the Bank. The CEO Ravneet Gill noted that the bank is raising upto $1.2 billion in capital from equity funds, family firms and other entites, and expects fundraise to be completed earlier than expected. YES Bank spoke to analysts amid a press release from Rana Kapoor's daughters, which criticized what it considered the premature sales of pledged promoter shares by Reliance Nippon Life Asset Management (RNAM). They noted that RNAM "invoked and sold all our balance pledged promoter shares from Morgan Credits Private Limited (MCPL) and Yes Capital India Private Limited (YCPL) in the open market." "These were shares pledged by our father, Mr. Rana Kapoor," the sisters wrote, "to support the borrowings of MCPL, a company owned by his three daughters for investing in start-up ventures in our capacity as Women Entrepreneurs. The proceeds from the sale are being appropriated towards prepaying the balance outstanding NCDs of MCPL subscribed by RNAM, thus bringing the leverage down to negligible levels." The total prepayments (including accrued interest) to RNAM by MCPL is approximately Rs 1,145 cr well before the due date of April 2021." "We are highly dejected that our family shareholding in YES Bank was sold at such dismal price levels", they added, "despite the Bank having created long-term shareholder value and over 20,000 jobs during the last 15 years." Post the sales of shares, YCPL's shareholding in YES Bank has fallen below 1%.