General Announcement::Submission of unaudited financial results for the period ending December 31, 2019

Issuer & Securities

Issuer/ Manager
YES BANK LIMITED, ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT
Securities
YESBANK US$600M3.75%N230206 - XS1756056229 - 8HFB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
12-Feb-2020 23:42:18
Status
New
Announcement Sub Title
Submission of unaudited financial results for the period ending December 31, 2019
Announcement Reference
SG200212OTHRF2GR
Submitted By (Co./ Ind. Name)
Shivanand Shettigar
Designation
Group Company Secretary
Effective Date and Time of the event
12/02/2020 23:30:00
Description (Please provide a detailed description of the event in the box below)
As you are aware, the Bank is currently engaged in capital raising. In this regard we wish to disclose that we have received non-binding expressions of interest ( EOIs ) from several prominent investors. These including J.C. Flowers & Co. LLC; Tilden Park Capital Management LP; OHA (UK) LLP; Silver Point Capital. The Bank and its financial advisors are currently in discussions with these investors on the commercial terms, including pricing, of their investments which, it may be noted, will be subject to certain conditions and receipt of requisite approvals, including regulatory approvals with respect to the size of the stake to be acquired, as well as necessary dispensations with regard to applicable pricing guidelines.

The Bank and its management is deeply engaged with the exercise outlined above and which includes extensive work with its investment bankers, legal and accounting advisors, the investors and the independent vendor/legal due diligence commissioned for investors. Given that the current capital raising process has the Bank s fullest attention, it would like to inform the exchanges that it will publish its unaudited financial results for the quarter and nine month period ending December 31, 2019 on or before March 14, 2020. This exceeds the 45 day period from the end of the relevant quarter as stipulated under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

While we shall keep the Exchanges apprised of progress with respect to capital raising, in the meantime, we request you to kindly take note of our decision to announce our quarterly financial results for Q3 FY 2019-20 on or before March 14, 2020.

Attachments

SE_Intimation.pdf
Total size =84K