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Yes Bank to convene shareholders’ meet on Aug 24;to seek nod for Rs 8,900 cr fund raise plan
It proposes to raise the capital through a combination of Rs 5,100 crore (about USD 640 million) in equity shares and Rs 3,800 crore (USD 475 million) through equity share warrants from funds affiliated with Carlyle and Advent International. Each of these investors would potentially acquire up to 10 per cent stake in the bank.