New Delhi: Private sector Yes Bank on Thursday said it has received a binding offer for a USD 1.2-billion (approximately Rs 8,500 crore) funding from an overseas investor through fresh issuance of equity shares.
The fund raise is subject to regulatory approvals and bank's board and shareholders approvals, it said in a regulatory filing.
"The bank also continues to be in advanced discussions with other global and domestic investors," it said.
Last month, the bank had informed stock exchanges that it had received strong interest from multiple foreign as well as domestic private equity and strategic investors for the capital raise and remains firmly on course to raising growth capital subject to necessary approvals.