New Delhi, June 4 -- Yes Bank share price gained over a percent in early trade on Wednesday after the private lender's board approved raising of Rs.16,000 crore through a mix of equity and debt to fund business growth. Yes Bank shares rose as much as 1.87% to Rs.21.24 apiece on the BSE.

The board of directors of Yes Bank approved raising of funds by way of issuance of eligible equity securities through various permissible means, of up to Rs.7,500 crore, which would not result in an aggregate dilution of more than 10% (including dilution on account of issuance of equity securities in terms of this item and conversion of any convertible debt securities approved by the board), Yes Bank said in a regulatory filing on June 3.

The board also ...