19.10.2009 - Yes Bank targets regional investors & SWFs
From Zawya.com: India's Yes Bank, a new generation private sector commercial bank, is seeking to raise $200 million (Dh734.6 million) additional capital. The bank plans to raise a significant share of this from Gulf based investors who include some of the leading sovereign wealth funds and institutional investors. "We are going for a Qualified Institutional Placement (QIP) of 30 million to 50 million shares to raise $150 million to $200 million in additional capital and we are in talks with some of the leading sovereign wealth funds from the region including a few from the UAE," Rana Kapoor, Yes Bank founder and managing director, told Gulf News..............Full Article: Source