Sec­ond time’s the charm for Yes Bank

New Straits Times - - Business -

MUM­BAI: Yes Bank Ltd has suc­ceeded on its sec­ond at­tempt to raise cap­i­tal, as friend­lier fi­nan­cial mar­kets al­lowed the lender to put last year’s failed share of­fer­ing be­hind it. The bank, led by bil­lion­aire Rana Kapoor, raised US$750 mil­lion (RM3.3 bil­lion) through the sale of new shares, an ex­change fil­ing on Wed­nes­day showed. Re­duc­ing the size of the sale helped, six months af­ter Kapoor blamed a mis­un­der­stand­ing by his bankers for the fail­ure of a US$1 bil­lion of­fer­ing. Agen­cies

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