Business SPGP Holdings, backed by Canada-based Erwin Braich, offers $1.2 billion to YES Bank Updated : November 30, 2019 12:33 PM IST YES Bank’s board will reconvene on December 10 to finalise the recapitalisation plan and hold an extraordinary general meeting for shareholders’ approval. YES Bank has increased the fundraising target to $2 billion and is looking to have a combination of a large investor like SPGP and Erwin Braich with a clutch of small investors. Citax Group has offered $500 million and others like GMR Group, Rekha Jhunjhunwala and Aditya Birla Family Office have shown interest in making smaller investments. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.