Yes Bank fundraising: Yes Bank board approves raising funds worth ₹16,000 crore by issuing equity, debt securities
Yes Bank has announced the outcome of the board meeting on its fundraising plans. The bank has approved raising of funds by the way of issue of eligible equity securities and debt securities.
Along with this, the private lender's board has also announced amendments to the Articles of Association pursuant to the terms of the share purchase agreement dated May executed by and amongst the lender, Sumitomo Mitsui Banking Corporation and State Bank of India . Japanese banking giant SBMC will be acquiring a 20 per cent stake in Yes Bank.
The private lender will raise funds by the issuance of equity securities along with debt securities. Yes Bank board has approved raising up to ₹ 7500 crore via securities and up to ₹ 8500 crore via debt. In total, Yes Bank will raise ₹ 16,000 crore combining the both.
"We wish to inform that the Board of Directors of the Bank at its meeting held today i.e., June 03, 2025 has inter alia, considered and approved the following:
(1) raising of funds by way of issuance of eligible equity securities through various permissible means, provided that aggregate amount to be raised by issuance of such securities shall not exceed ₹ 7,500 crore and shall not result in an aggregate dilution of more than 10% (including dilution on account of issuance of equity securities in terms of this item and conversion of any convertible debt securities approved by the Board), as an enabling resolution as per the requirements of applicable laws, which shall be subject to approval of the shareholders and other regulatory and/or statutory approvals, as applicable
(2) raising of funds by way of issuance of eligible debt securities in Indian or foreign currency, provided that aggregate amount to be raised by issuance of such securities shall not exceed ₹ 8,500 crore and shall not result in an aggregate dilution of more than 10% (including dilution on account of conversion of convertible debt securities in terms of this item and any other issuance of equity securities as approved by the Board), in one or more tranches and/or series, in domestic and /or overseas market, as an enabling resolution as per the requirements of applicable laws, which shall be subject to approval of the shareholders and other regulatory and/or statutory approvals, as applicable
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
39 minutes ago
- Hindustan Times
Smart tech on a budget: 5 must-have smart home devices under ₹5,000
Smart home technology is gaining traction across Indian households. What was once a premium category is now accessible to the average consumer, with reliable devices available at competitive price points. From voice assistants to home surveillance and wireless charging solutions, smart gadgets are now helping users automate, secure, and streamline everyday routines. This curated list features five smart home devices, all priced under ₹5,000, offering a practical upgrade without stretching your budget. Priced at ₹4,499, the Amazon Echo Pop brings hands-free convenience by adding voice control to any part of the home. It is powered by Alexa and responds to voice commands for music playback, news updates, alarms, smart appliance control, and more. For users juggling multiple tasks, like cooking or working from home, it enables multitasking without reaching for a screen. For instance, users can ask Alexa to set kitchen timers, play recipe instructions, switch off lights, or schedule reminders. Security cameras typically cost upwards of ₹5,000, putting them out of reach for many budget-conscious buyers. However, the TP-Link Tapo C200 is priced around ₹1,499, offering a cost-effective alternative without compromising essential features. This indoor smart camera provides 360-degree coverage, night vision, motion detection, and 2-way audio, allowing users to monitor their homes remotely via a smartphone app. Video doorbells are becoming increasingly popular as homeowners seek better security and remote access to their entrances. The Zebronics VDB200 streams live video directly to smartphones, letting users monitor visitors in real time at an affordable price of ₹2,499. This wireless video doorbell features motion detection alerts and night vision to improve safety day and night. The device supports both cloud and SD card storage, offering flexible options for recording without costly subscriptions. 3-in-1 magnetic foldable MagSafe wireless charger is a compact charging solution for Apple users. With multiple devices to charge daily and users always being on the go, people are increasingly turning to multi-functional charging solutions. Priced at ₹2,990, this compatible wireless charger powers an iPhone, Apple Watch, and AirPods simultaneously. As remote work and online streaming become routine, poor Wi-Fi coverage remains a common issue in many households. The TP-Link AC1200 range extender is designed to eliminate dead zones by boosting the existing router's signal. With dual-band support, it can improve speeds in rooms where the signal drops frequently. At ₹2,299, it's a budget-friendly fix that doesn't require upgrading your entire internet setup.
Economic Times
40 minutes ago
- Economic Times
India bond traders suggest borrowing tweak to bring down long-term yields, sources say
India bond traders have suggested a tweak in the government's borrowing plans as waning demand for the ultra-long end securities pushed up the cost of long-term borrowings, three market sources who are aware of the matter said. ADVERTISEMENT "Short-term bond yields have collapsed, while there has been considerable fall in the 10-15 year segment as well, but the ultra-longs have not moved much, and in fact have shown an uptrend in the last few sessions," one of the sources mentioned above said. The government has sought feedback from select market participants through one-on-one interactions, the sources added. The sources requested anonymity as they are not authorized to speak to media. The finance ministry did not reply to a Reuters email seeking comment. The government has borrowed 2.81 trillion rupees ($32.76 billion) in April-May and is set to borrow 5.19 trillion rupees in June-September, including 1.91 trillion rupees through 30-year and above bonds, as per schedule. Traders anticipate some reduction in 30-year and above bonds and some addition in the up to 10-year maturity papers in coming weeks. ADVERTISEMENT "Flows with insurers have dried up in this quarter, and large state-run player is also not participating in primary auctions, which is continuously pushing up spreads," another source said. The five-year bond yield has eased 62 bps since the start of this financial year, while the 10-year benchmark bond yield has come down 39 bps. ADVERTISEMENT Contrarily, the 30-year to 50-year bond yields have eased only around 10 basis points, and this has pushed up the spread between the 10-year bond yield and the ultra-long bond yields to 65 basis points, highest in nearly three-and-a-half years. The Reserve Bank of India has cut repo rate by 50 basis points since the start of 2025 and has infused around $100 billion into the banking system since December. ADVERTISEMENT For the first half, the government has targeted 35% of its borrowing through longer dated securities, and less than 25% through up to seven year papers. "There is plenty of appetite for up to 10-year bonds due to heavy bond purchases from the RBI, so it makes sense to shift some of the supply," the first source added. ($1 = 85.7700 Indian rupees) (You can now subscribe to our ETMarkets WhatsApp channel)
Hans India
an hour ago
- Hans India
Indian Stock Markets End Higher; All Eyes on RBI Rate Decision
Indian stock indices ended the day in the green after a volatile session. The Nifty index recovered early losses and closed at 24,750.90, though profit-taking in the second half of the session reduced gains. Some sectors, such as real estate and pharma, have done well, while auto and banking stocks were trading in red. The broader market (smaller companies) did better, with gains between 0.6% and 0.9%. Now, all attention is on the RBI's Monetary Policy Committee (MPC) meeting. Investors are hoping for a 25 basis point rate cut, particularly sectors that benefit from lower interest rates, like banking, auto, and realty, are showing strong performance. However, the RBI's comments about the future will be important, especially with mixed global signals.
