Yes Bank Share Price Dips 7.73% on June 3 Ahead of Board Meeting to Consider Fundraising Plan

Shares of Yes Bank Ltd surged on Monday, June 2, 2025, touching the 1Month-high at ₹23.39. The rally came ahead of the private lender’s scheduled board meeting to consider a fund-raising proposal. However, today, the share price is in red.

Meanwhile, there were media reports suggesting that Sumitomo Mitsui Banking Corporation (SMBC) is seeking regulatory approval to set up a wholly-owned subsidiary in India. The move is being interpreted by some market participants as a potential step toward acquiring a controlling stake in Yes Bank.

Bank Clarifies Media Speculation

Responding to the media coverage, Yes Bank issued a clarification on June 3, stating that it is not aware of any discussions or plans involving SMBC and the Reserve Bank of India (RBI) related to the establishment of a wholly-owned subsidiary.

The bank added that any claims about a ‘roadmap’ involving discussions with the RBI are factually incorrect. It also assured stakeholders that it will comply with the disclosure obligations under Regulation 30 of the SEBI Listing Regulations as and when required.

Board Meeting to Consider Fundraising

In the last week of May 2025, Yes Bank confirmed that its Board of Directors is scheduled to meet on Tuesday, June 3, 2025. One of the key agendas is to consider the raising of funds through various means, including the issuance of equity shares, debt instruments, or other eligible securities.

The fundraising may be conducted via private placement, preferential allotment, or a combination of permitted methods, subject to necessary regulatory approvals.

Yes Bank Share Price Performance

On June 3, 2025, Yes Bank share price opened at ₹22.93, slightly down from its previous close of ₹23.28. At 9:31 AM, the share price of Yes Bank was trading at ₹21.48, down by 7.73% on the NSE.

Also Read: Yes Bank in Focus After SMBC Acquires 20% Stake for ₹14,000 Crore!

Conclusion

While the fund-raising announcement is official, market speculation around SMBC's plans has added momentum to Yes Bank’s stock. The bank’s clarification indicates no formal developments yet.

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