Yes Bank Shares Slide Up to 9.5% after Multiple Block Deals Ahead of Fundraising Meet

Yes Bank shares fell up to 9.5% on the National Stock Exchange Tuesday as 3% equity stake changed hands in multiple block deals ahead of the scheduled board meeting, CNBC-TV18 reported. The stock snapped its three-day winning streak, in which it gained an aggregate 10%. With today’s fall in share price, the stock has given up all its gains. At 10:25 am on June 3, shares of the company traded 8.6% lower at Rs 21.29 apiece on the NSE.

A leading private equity firm had likely offloaded in multiple block deals that took place today, according to the CNBC-TV18.

Meanwhile, the board of directors is going to meet today to consider proposals to raise fund via equity shares or debt securities, through private placement or preferential allotment, subject to requisite approvals.

Several media reports suggested that Sumitomo Mitsui Banking Corporation (SMBC), which recently announced acquiring 20% stake in the lender, is now seeking the Reserve Bank of India’s approval to set up a wholly-owned subsidiary—likely as a step towards gaining a controlling stake in Yes Bank.

Earlier this month, YES Bank announced that SMBC will acquire a 20% stake from a consortium of State Bank of India and seven other private lenders—HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank and Bandhan Bank.

Yes Bank expanded its standalone net profit by 63% to Rs 738 crore for the March quarter of FY25. The private-sector lender's net interest income rose near 6% to Rs 2,276 crore in the last quarter of FY25. Yes Bank's provisions for the period dropped over 32% on year to Rs 318 crore.

The stock has lost over 8% in the last one year, while it has gained 19% in one month. So far in 2025, shares of the company have gained 7.5%. At its today’s low, the stock was over 31% higher than its 52-week low and 23% below its 52-week high level.