Yes Bank to seek EGM approval for issue of shares to Swiss Reinsurance Company

Yes Bank Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 20, 2006, to offer, issue and allot upto 1,00,00,000 fully paid up Equity Shares of a face value of Rs 10/- each of the Bank to Swiss Reinsurance Company at a price of Rs 120/- per share (inclusive of a premium of Rs 110/ -per share) or the minimum issue price calculated in accordance with Chapter XIII (Guidelines For Preferential Issues) of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, whichever is higher, on a preferential allotment basis, subject to necessary provisions & approvals.

Source : Equity Bulls

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