Yes Bank to raise up to $1.7 billion via equity, debt issue

Yes Bank board approved a capital raise of up to $1.7 billion, comprising equity issuance of up to Rs 75 billion and debt issuance of up to Rs 85 billion. The fundraising will not result in dilution exceeding 10 percent of existing shareholders' stake. The bank's capital adequacy ratio stood at 15.3 percent as of March, above the 9 percent regulatory minimum.