The Board of Directors of Yes Bank will be meeting on August 30 to approve a proposal for further fund raising.
"...to consider and approve raising of funds by way of issuance of equity shares including but not limited through preferential issue and/ or Qualified Institutions Placement (QIP)/ Global Depository Receipts (GDRs)/ American Depository Receipts (ADRs)/ Foreign Currency Convertible Bonds (FCCBs)/ fully or partially convertible debentures/ convertible Preference shares/ any other financial instruments or securities convertible into Equity Shares or any other instrument on private placement basis," Yes Bank said in a regulatory filing on Tuesday.
The private sector lender raised ₹ 1,930 crore through QIP earlier this month.
According to market sources, it could potentially look to raise another $1 billion with the exercise taking place in the current quarter.