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YES BANK to raise capital through shares, securities issuances

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YES BANK to raise capital through shares, securities issuances

YES BANKLtd. plans to raise capital by issuing debt securities and shares.

The bank said May 10 that it is seeking shareholder approvalfor its plan to raise up to US$1 billion by issuing shares or convertible securitiesin one or more tranches.

The bank is also planning to raise funds by issuing debtsecurities of up to 100 billion Indian rupees in the domestic or overseasmarket.

As of May 10, US$1 wasequivalent to 66.58 Indian rupees.