Tue Jun 03 06:00:00 UTC 2025: Here’s a summary of the text and a rewrite as a news article:

**Summary:**

Yes Bank shares plunged 10% on Tuesday, June 3, 2025, following a report suggesting Sumitomo Mitsui Banking Corporation (SMBC) planned to acquire a controlling stake. Yes Bank denied the report, stating they are not privy to such discussions and that claims of roadmap discussions with the RBI are incorrect. The bank is also reportedly considering fundraising at a board meeting today. The broader market also experienced volatility due to geopolitical concerns, with the Sensex and Nifty 50 both dipping. Investors are awaiting the upcoming RBI monetary policy decision.

**News Article:**

**Yes Bank Shares Plunge Amid Acquisition Rumors and Denial**

**New Delhi, June 3, 2025** – Shares of Yes Bank experienced a sharp decline of 10% in early trading today, following a report indicating that Sumitomo Mitsui Banking Corporation (SMBC) was seeking regulatory approval to establish a wholly-owned arm, a move speculated to be part of a larger plan to acquire a controlling stake in Yes Bank.

Yes Bank swiftly issued a clarification, denying the report. “The bank is not privy to discussions in relation to matters stated in the article,” a company statement said. “Further, references to the Bank having ‘road map’ discussions with the RBI are factually incorrect.”

Adding to the uncertainty, sources suggest that Yes Bank is considering fundraising at its board meeting today.

The broader market also reflected investor unease. The Sensex fell by 227.75 points (0.28%) to 81,146, while the Nifty 50 dipped 33.45 points (0.14%) to 24,683.15. Market analysts attribute the volatility to ongoing geopolitical concerns, trade tensions, and tariff uncertainties.

Investors are keenly awaiting the upcoming Reserve Bank of India (RBI) monetary policy announcement, which is expected to provide further direction for the market. The Nifty smallcap 100 and midcap 100 showed modest gains, while the volatility index remained relatively stable.

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