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Midsize private sector lender Yes Bank raised USD 400 million in syndicated loans from lenders in Taiwan and Japan for on-lending to clients.
It exercised a greenshoe option to raise USD 250 million in a five year commercial loan from 17 Taiwanese banks, a statement said.
In Japan, it raised JPY 16.5 billion or USD 150 million from eight lenders in a one-year loan in a maiden transaction, it said. Frontline indices are continuing to trade strong, with the Sensex rising over 200 points. Nifty Bank and midcap index are off their high points. Pharma stocks too extend rally, while Dr Reddy’s jumps over 6 percent after it got an establishment inspection report from the US FDA for its Vizag unit. HDFC Life gains 44 percent in 3 sessions, hits Rs 400-mark.
Sun Pharma and Cipla are the top gainers, while TCS, Asian Paints and Ambuja Cements lost the most
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