NEW DELHI: The shares of Yes Bank, the fourth largest private bank of the India, was trading in green during the early trading session on Wednesday, February 5, 2020. The
stock price surged over 12 per cent to Rs 39.75 on the BSE today.
Recently, the Bank received approval from its board to raise $2 billion. In an effort to raise capital, Yes Bank has given a mandate to Anshu Jain, president of investment firm Cantor Fitzgerald, to raise the funds for the bank, sources close to the development told ETBFSI.
The top gainers of early trading session included Yes Bank, IDFC BANK, ICICI Bank, HDFC Bank, RBLBANK, IndusInd Bank, Axis Bank and Federal Bank. The Nifty Private Bank index was trading 0.59 per cent up at 17032.25 around 11:02 am.