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News Topical, Digital Desk : Yes Bank has announced that its board meeting will be held on 3 June 2025 (Tuesday), in which the proposal for fund raising will be considered. Moneycontrol has received this news . This decision will be related to raising capital through equity shares, debt securities or other financial instruments. What will happen in the board meeting - Necessary regulators and shareholder approval will be taken for private placement, preferential allotment and fund raising. On 29 May 2025, the bank's stock closed at Rs 21.31, up one per cent.
YES Bank at a crucial juncture after deal with SMBC- This announcement has come at a time when State Bank of India (SBI) has planned to sell a major part of its stake to Japan's Sumitomo Mitsui Banking Corporation (SMBC). Currently, SBI has 23.97% stake in YES Bank, out of which 20% stake can be sold to SMBC. Along with this, the possibility of fresh capital investment by SMBC for a new stake of up to 6-7% in YES Bank has also been expressed. If this investment happens, SMBC may have to bring an open offer, which can take its total stake to 51% - i.e. SMBC's control over the bank is possible. As per the agreement between YES Bank and SMBC, SMBC is required to participate in any new equity round brought by the bank to maintain its 20% stake. Yes Bank has informed the stock exchanges under SEBI Regulations 29(1), 50(1) and other applicable regulations. Apart from this, as per SEBI's Insider Trading Rules and the Bank's internal code of conduct, the trading window of the bank will remain closed from 29 May to 5 June 2025. Why is this meeting important- The decisions taken in this board meeting can strengthen the capital position of YES Bank. Coordination with the new strategic investor SMBC will increase and there may be a major change in the management structure of the bank.
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