Yes Bank is in discussions to raise USD 1.6 billion from six global private equity funds and two domestic mutual funds.
YES Capital said the proceeds would go to Franklin Templeton Asset Management, with whom its shareholding of YES Bank was pledged.
Yes Bank stock, which was trading around Rs 275 in April, is now down to around Rs 64.
Kapoor declined to comment Thursday on the effect of the share price drop on his wealth.
The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.
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