Follow us on

FIPB recommends Yes Bank's $488 mln foreign investment plan

Source : REUTERS
Last Updated: Mon, Apr 29, 2013 12:04 hrs
Yes Bank quarterly net beats f'cast on loan growth

India's Foreign Investment Promotion Board (FIPB) has recommended Yes Bank's 26.5 billion rupees ($487.18 million) foreign investment proposal for the consideration of the Cabinet Committee on Economic Affairs, a finance ministry statement said on Monday.

Private-sector lender Yes Bank plans to raise the funds through a qualified institutional placement (QIP) of equity shares or by issuing global depository receipts to foreign institutional investors, the statement said.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance