Yes Bank Limited (NSEI:YESBANK) will consider fund raising in Board meeting. Yes Bank share price plunged over 7% in early trade on June 3, 2025, breaking its three-day gaining streak. The fall in Yes Bank share price comes amid reports of block deal and ahead of its board meeting to consider fundraising.
According to a report by CNBC-TV18, around 3% equity shares of Yes Bank changed hands in multiple blocks in June 3, 2025's trade. The report added that a PE investor was likely the seller of Yes Bank shares in the block deals on June 3, 2025. Meanwhile, the board of directors of the private lender will meet to consider proposals to raise capital through the issuance of equity shares or debt securities, via private placement or preferential allotment, subject to requisite approvals.
".this is to inform that the meeting of the Board of Directors of YES Bank Limited is scheduled to be held on June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required," Yes Bank announced in a regulatory filing on May 28, 2025.
