Yes Bank’s share price slipped over 8% in intraday trading session today. The fall came after a three-day winning streak, which had pushed the stock up by over 8% on Monday alone, making it one of the top performers on the Nifty 500.
Big block deals spark the slide
This decline in the share price of the company comes after a clutch of large block deals, about 3% of the bank’s equity, as per media reports that crossed the tape in the opening hour.
As per reports, a private equity investor is believed to have offloaded a significant chunk, weighing heavily on the stock price.
SMBC takeover buzz and Yes Bank’s denial
Fueling volatility were media reports suggesting that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) had sought RBI approval to operate a wholly-owned subsidiary in India, allegedly as a step towards acquiring a controlling stake in Yes Bank.
In a pre-market filing, the lender shot down the talk: “…the Bank is not privy to discussions in relation to matters stated in the article. Further, references to the Bank having ‘road map’ discussions with the RBI are factually incorrect,” Yes Bank told the exchanges, calling the report speculative.
Board meet today to consider fund-raising
Separately, the bank’s board is meeting today to consider proposals to raise capital through equity, debt, or hybrid instruments. The fund-raising could be through private placement, preferential allotment, or other permissible routes, subject to necessary approvals.
Yes Bank – How the stock has performed so far
Yes Bank’s stock has delivered a fairly positive run in recent weeks. Over the past five trading sessions, the share price of Yes Bank has managed to stay afloat with a modest 0.5% gain, and over the last one month, it has surged by 20%. Even on a year-to-date basis, the stock is in the green, delivering returns of 8.5% so far in 2025.
However, the broader picture remains mixed. Over a six-month period, the stock has delivered a marginal 2% gain, and over the last one year, it has actually declined by 9%. The bank’s 52-week high stands at Rs 27.44, while its 52-week low is Rs 16.02. The market capitalisation of the company as of now stands at Rs 66,730 crore.