Market Performance
Yes Bank’s share price gained nearly 2% in early trade on Wednesday after the private lender approved a major fundraising plan.
- The stock rose 1.87% to ₹21.24 on the BSE.
- Over the past month, Yes Bank shares have surged 18%.
- Over the last three months, the stock has increased by 29%.
- Year-to-date (YTD), it has gained 7%.
Main News: Board Approves ₹16,000 Crore Fundraising
Yes Bank will raise ₹16,000 Crore via equity and debt after receiving board approval for business growth initiatives.
Key Fundraising Details
- Equity Issuance: Up to ₹7,500 Crore (max dilution capped at 10%).
- Debt Issuance: Up to ₹8,500 Crore in Indian or foreign currency.
The move aligns with the bank’s strategy to strengthen its financial position and expand operations.
Corporate Updates & Shareholder Rights
- The board also approved changes to its Articles of Association, as per agreements with Sumitomo Mitsui Banking Corporation and the State Bank of India.
- These changes require approval from both the Reserve Bank of India (RBI) and the shareholders.
- SMBC and SBI will have special rights until their stakes fall below 10% and 5%, respectively.
Yes Bank Block Deal: Carlyle Sells 2.6% Stake
- Carlyle Group sold 82 Crore shares (2.6% stake) for ₹1,775 Crore.
- The shares were sold at ₹21.61 to ₹ 21.68 per share.
- Following the sale, Carlyle’s stake in Yes Bank was reduced from 6.84% to 4.22%.
Yes Bank Share Price Trends
|
Period |
Returns |
|
1 Month |
+18% |
|
3 Months |
+29% |
|
YTD |
+7% |
|
1 Year |
-4% |
|
2 Years |
+28% |
|
3 Years |
+59% |
At 9:20 AM, Yes Bank shares were trading 0.96% higher at ₹21.05 on the BSE.
Summary
- Yes Bank approves ₹16,000 Crore fundraising via equity and debt.
- Carlyle sells a 2.6% stake for ₹1,775 Crore.
- Stock gains nearly 2%, continuing its strong monthly rally.
