YES Bank shareholders Approve increasing Borrowing Limit To Rs 70k Cr

Yes Bank, India’s fourth largest private sector bank on Wednesday said that the shareholders have approved the borrowing limit to Rs 70,000 crore from Rs 50,000 crore.

The bank in its filing also added that it has approved borrowing/raising funds in Indian/foreign currency by the issue of debt securities up to Rs 20,000 crore to eligible investors on private placement basis.

The company also added that the board has approved a dividend of Rs 12 per equity share of Rs 10 each (120%). The stock on Wednesday was trading at Rs 1491 per share lower by Rs 15 per share or 1% at 1005 hours.

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