Yes Bank stocks jump 24% on investment offer of $1.2 bn

Mumbai, Oct 31 (IANS) Shares of Yes Bank rocketed 24 per cent on Thursday as the lender received a binding offer from a global investor for an investment of $1.2 billion. On the BSE, the company's shares gained 24.03 per cent or Rs 13.65 to Rs 70.45 per share.It touched a high of Rs 76.65 and a low of Rs 54.90 during the day. Earlier, in the day, the bank in a regulatory filing said: "The Bank would like to inform that it has now received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares, subject to regulatory approvals or conditions as well as Bank's Board and Shareholders approvals." Yes Bank Limited is a private sector bank, founded by Rana Kapoor and Ashok Kapur in 2004.
--IANS rv/skp/