Yes Bank logs sharp gains, ends 12% higher

Mumbai, July 16 (IANS) Private lender, Yes Bank on Tuesday logged sharp gain on the BSE over reports that the company is set to get capital infusion from a US-based private equity investor, however, the company termed it “speculative”.

Yes Bank scrips gained 11.48 per cent to Rs 103.90 apiece after hitting an intra-day high of Rs 106.30.
Denying the reports of capital infusion, the bank said it “would not like to comment on such speculation”.
A regulatory filing said: “The Bank in ordinary course of its business continues to explore various means of raising capital or funds through issuance of securities to diverse set of investors..”

–IANS
ravi/in