<p>Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.</p>.<p>Shares of the bank were up 4% in early morning trade, after opening up 9%.</p>.<p>The talks began three weeks ago and could see the bank selling as much as 15% through a fresh equity issue, the newspaper reported, citing two people aware of the discussions.</p>.<p>The bank's chief executive officer, Ravneet Gill, had said last week that the lender was in talks with private equity firms, strategic investors and family offices to raise additional capital.</p>.<p>The stake sale may fetch the bank around Rs 20 billion ($281.61 million) and could help it work on its digital banking and payment system plans, one of the sources told the newspaper.</p>.<p>Yes Bank and Microsoft did not immediately respond to requests for comment on the report. </p>
<p>Indian private sector lender Yes Bank is in talks with Microsoft Corp and two other technology companies as it looks to bring in a strategic shareholder as part of a strategy to rake in fresh capital, the Mint newspaper reported on Sunday.</p>.<p>Shares of the bank were up 4% in early morning trade, after opening up 9%.</p>.<p>The talks began three weeks ago and could see the bank selling as much as 15% through a fresh equity issue, the newspaper reported, citing two people aware of the discussions.</p>.<p>The bank's chief executive officer, Ravneet Gill, had said last week that the lender was in talks with private equity firms, strategic investors and family offices to raise additional capital.</p>.<p>The stake sale may fetch the bank around Rs 20 billion ($281.61 million) and could help it work on its digital banking and payment system plans, one of the sources told the newspaper.</p>.<p>Yes Bank and Microsoft did not immediately respond to requests for comment on the report. </p>