Yes Bank's share price continued to rise for the second  day in a row, reaching its highest level since January 2021. 

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On Tuesday, Yes Bank's stock hit a new 52-week high, giving investors his double-digit return.

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Yes Bank's optimistic tone comes in  one of the largest financings in the private banking sector as the lender announced it would raise around Rs 8,900 for all shares.

Funding increases confidence in the lender's operational metrics and franchise stability. In two trading sessions, Yes Bank's share price has skyrocketed by nearly 20%. 

On the BSE, Yes Bank shares are trading at Rs 17.14, up Rs 1.95 or 12.84%. The stock hit his 52-week high of ₹12.84, leading to an intraday gain of 17.7%.

The market capitalization of the bank is approximately Rs 42,944.24. 

Yes, bank share are up almost 20% in two days.

 In its two days of trading  this week, Yes Bank's share price was up 19.68% compared to its July 29th, with its July 29th share trading at ₹14.94. 

 Last  Friday, Yes Bank announced that it would raise $1 billion ( ₹8,900 crore) of equity from his two global private equity investor funds, Carlyle and Advent International. 

Funding will come in the form of $640m (₹5,100 crore) in equity  and $475m (₹3,800 crore) through subscription rights.

This is one of the largest private capital raisings by  private banks in India. The $1 billion financing is expected to further strengthen Yes Bank's capital base.

 As part of the financing, Yes Bank has proposed to issue 370 billion shares in preference at Rs 13.78 per  share and 257 billion warrants convertible into  shares at Rs 14.82 per share.

Kunal Shah, Renish Bhuva and Chintan Shah, research analysts at ICICI Securities, said in  the report: Equity lifts CET-1 by 3.84% to almost 15.7%.

 Also, book value will not be diluted as it will be raised close to  book value (Rs 13.78 for share issue and Rs 14.82 for warrants). "