YES Bank shares in focus after board clears plan to raise Rs 16,000 crore in equity and debt
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YES Bank shares will be in focus on Wednesday after the private lender announced late Tuesday that its board has approved a fundraising plan of up to Rs 16,000 crore for FY26—comprising Rs 7,500 crore through equity and Rs 8,500 crore via debt instruments. The capital raise will be executed in multiple tranches, across both domestic and international markets. In a regulatory filing, YES Bank said the equity component would be raised using various permissible instruments, with total dilution capped at 10%. The board also approved raising debt capital through instruments denominated in Indian or foreign currency, aggregating to Rs 8,500 crore. Also Read: MRF snatches India's highest-priced stock crown back from Elcid Investments As part of its strategic partnership with Japan’s Sumitomo Mitsui Banking Corporation (SMBC), YES Bank will amend its Articles of Association to enable SMBC to infuse fresh equity and increase its stake. On May ...