YES Bank gets USD 2 billion funding from eight investors

Ending weeks of suspense, Yes Bank on Friday said that eight investors led by Erwin Singh Braich have evinced interest to pump USD 2 billion into the capital-starved private sector lender. The board of directors of the bank will reconvene on December 10 to finalise and approve details of capital infusion, which will take place through preferential allotment, it informed the exchanges.

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