Mumbai: Yes Bank on Tuesday said that its Capital Raising Committee of the Board of Directors has approved raising funds by way of a further public offering. The committee took the decision at its two-hour long meeting on Tuesday.Also Read - Proxy Advisory Firm InGovern Advises Investors To Support Dish TV 30 Dec 2021 AGM Proposals

“The Capital Raising Committee of the Board of Directors of the Bank (‘CRC”‘), at its meeting held earlier today i.e., July 7, 2020, has approved raising funds by way of a further public offering,” the bank said in a regulatory filing. Also Read - Dish TV Writes To SEBI, Accuses YES Bank Of Violating Takeover Regulations

It further said that post closure of the requisite formalities with the Registrar of Companies, Maharashtra at Mumbai, the details in respect of the offer will be disseminated in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Also Read - Major Setback to Yes Bank in Dish TV Case: Allahabad HC Refuses to Interfere In Investigation

The bank’s CRC will again meet on or after July 10 to consider and approve, amongst other things, the price band and discount, if any, as permitted under the provisions of the SEBI ICDR Regulations.