Yes Bank Share: Yes Bank's share has risen 21 percent in 5 days. Meanwhile, another news has come after the market closed.:

News Topical, Digital Desk : According to the news of Moneycontrol, SEBI (Securities and Exchange Board of India) has started an investigation into the deal of buying and selling shares between Yes Bank and Japan's Sumitomo Mitsui Banking Corporation (SMBC). SEBI is looking into whether the bank gave correct information to the investors on time or not.

What happened- On May 6, media reported a deal between SMBC and Yes Bank. On the same day, Yes Bank told the stock market that such reports were "speculation and baseless". The bank said it was not aware of any deal and such talks were at an early stage, so no official disclosure was necessary. But on May 9, the bank itself announced that SMBC had agreed to buy a 20% stake.

What does SEBI suspect- On May 6, when the bank denied the deal news, the deal was in an advanced stage. SEBI rules say that it is necessary to make "price sensitive" information public in a timely manner. Since Yes Bank's stock saw a rise of up to 15% after the announcement of the deal, it is an indication that this information was important for the market.

Deal details- SMBC has bought 13.9% stake from SBI. Also, HDFC Bank (1.9%), ICICI Bank (1.7%) and Kotak Bank (0.8%) also sold shares. By March 2025, domestic banks had a stake of 33.7% in Yes Bank, of which SBI had the largest stake (23.97%). The number of retail investors is also more than 63 lakh. In March 2020, RBI dissolved the board of Yes Bank and the bank's founder Rana Kapoor was removed. After this, SBI, HDFC Bank and other banks saved the bank by taking stake. Rana Kapoor is accused of financial irregularities and is currently out on bail.

Stock market status - Yes Bank's share was trading at ₹ 21.54 on NSE at 2.14 pm today, which is 3% more than the previous day. The difference between the information of May 6 and the confirmation of May 9 between Yes Bank and SMBC deal is now under investigation by SEBI. If the bank deliberately suppressed information or misled investors, it could be held guilty of violating SEBI rules.