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Yes Bank Shareholders Approve Proposal to Raise Up to ₹10,000cr Through Equity

Professor of Financial Economics and Part-time Value Investor, Transfin.
Feb 9, 2020 11:54 PM 1 min read

Shareholders of Yes Bank approve proposal to raise up to ₹10,000cr ($1,402m) by issuing equity shares.



Tata Steel reports net loss at ₹1,229cr ($172m) in Q3.

Preparing for the Worst

India’s largest private steel company, Tata Steel yesterday reported a consolidated net loss of ₹1,229cr ($172m) in Q3 vs a profit of ₹1,753cr ($245m) a year ago, on the back of lower steel prices and weak demand. 


Consolidated revenue fell 8.9% YoY to 35,520cr ($4,980m) during the period under consideration, even though steel sales rose 13% to 7.31 million tonnes (mt) from 6.47 mt a year ago.


TV Narendran, CEO and MD of Tata Steel, said: “the European operations made a loss (in Q3FY20) as it felt the brunt of the overall slowdown and the consequent shrinking of spreads. This adversely affected our consolidated performance.” [Financial Express]


Yes Bank shareholders approve raising 10,000cr ($1,402m) through equity.

The shareholders of YES Bank on Friday cleared a proposal to raise up to ₹10,000cr ($1,402m) by issuing equity shares or convertible securities - a move that could help enhance the private sector lender’s capital adequacy. [Hindu BusinessLine]


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