Tue Jun 03 06:00:00 UTC 2025: **News Article:**

**YES Bank Shares Plunge Amid Heavy Trading and Acquisition Speculation**

Mumbai – Shares of YES Bank Ltd experienced a significant drop of nearly 10% during Tuesday’s trading session, fueled by high trading volumes and reports of block deals. As of 10:45 am, the stock had fallen 9.55% to ₹21.05 on the NSE, wiping out gains from the past week. The bank’s market capitalization dipped to ₹66,000 crore.

Trading volume surged to over 150.15 crore equity shares across the NSE and BSE, amounting to ₹3,246.37 crore. This represents approximately 4.8% of YES Bank’s equity. A report by CNBC TV18 suggested that a private equity investor may be a seller, contributing to the high trading activity.

The surge in trading activity coincides with rumors of Sumitomo Mitsui Banking Corporation (SMBC) looking to acquire a controlling stake in the bank. YES Bank has since issued a clarification stating it is “not privy to discussions” about SMBC seeking regulatory approval for a wholly-owned arm to operate in India. It also denied reports of “roadmap” discussions with the Reserve Bank of India (RBI).

It’s important to remember that in May 2025, YES Bank announced a 20% stake sale to SMBC, where State Bank of India (SBI) and seven other private lenders agreed to sell over 413 crore shares to the Japanese financial major for ₹13,482 crore at ₹21.50 apiece.

Coincidentally, YES Bank’s board of directors is scheduled to meet today to discuss and approve a fundraising proposal through the issuance of equity shares, debt securities, or other eligible securities. The meeting will explore options such as private placements, preferential issues, and other methods.

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