YES BANK LTD. - Board recommends Final Dividend
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| 27 Apr 2016 | |
| Yes Bank Ltd has informed BSE that the Board of Directors of the Bank at its meeting held on April 27, 2016, inter alia, have approved the following:<BR><BR>1. Board of Directors of the Bank have recommended the payment of final dividend @ Rs. 10 per equity share i.e. 100% on equity shares of the Bank and the same will be payable after approval of the shareholders at the ensuing Annual General Meeting.<BR><BR>2. Raising of funds by way of issuance of equity capital up to US$ 1 billion in one or more tranches on such terms and conditions as it may deem fit subject to approval of the Shareholders. The issuance may be by way of Qualified Institutions Placement (QIP) or any other international offering like Global Depository Receipts (GDRs)/American Depository Receipts (ADRs), or by any other appropriate mode as decided by the Board or Committee thereof.<BR><BR>3. Raising of funds by way of issuance of debt securities including but not limited to non-convertible debentures, MTN (Medium Term Notes), bonds upto Rs. 10,000 Crore (in INR or FCY) by the Bank, in one or more tranches and/or series, in domestic and /or overseas market, in as per the agreed structure and within the limits permitted by RBI and other regulatory authorities, to eligible investors on private placement, subject to approval of the Shareholders. | |
| View all announcements for YES BANK LTD. | Source: BSE India |
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