Shares of YES Bank advanced as much as 10 per cent in Friday’s trade after media reports that TPG Capital’s Indian private equity arm and Advent International Corporation are among institutional investors that may infuse fresh capital into the lender.

The scrip gained 9.98 per cent to Rs 96.40 in late morning trade, while the benchmark BSE Sensex was up around 0.25 per cent.

In another report by ET on Thursday, WestBridge Capital Partners, Farallon Capital and GIC, Singapore’s sovereign wealth fund, are likely to be among the top investors in the upcoming share sale by cash-starved lender Yes Bank.

The private lender is looking to raise $350-400 million through a qualified institutional placement (QIP), which is expected to open within the next two weeks.

The bank is looking to shore up its capital base due to a spike in bad loans.

In June, Yes Bank chief executive Ravneet Gill said that it plans to raise $1.2 billion over 18 months to bolster capital through a mix of public and private share sales.

In the quarter ended June, the bank’s gross non-performing asset (NPA) ratio swelled to more than 5 per cent from 1.31 per cent in the same period last year. In addition to the Rs 10,000 crore watch list of potentially stressed loans, the bank also reported a book of over Rs 29,000 crore in below-investment-grade exposure.