Yes Bank board approves raising ₹16,000 crore through equity and debt mix

NOOR MOHMMED

04/Jun/2025

Yes Bank board approves ₹7,500 crore through equity issuance with max 10% dilution limit
₹8,500 crore to be raised via debt securities in Indian or foreign currency
Amendments to bank’s Articles of Association approved, subject to RBI and shareholder nod

Yes Bank’s board has approved a capital raising plan amounting to ₹16,000 crore through a mix of equity and debt securities, according to a regulatory filing on June 3, 2025. This fund raising is aimed at supporting the private lender’s business growth and capital requirements.

The board authorised raising up to ₹7,500 crore through issuance of eligible equity securities by various permissible means. The total equity dilution through this and convertible debt securities will not exceed 10%, ensuring controlled dilution for existing shareholders.

In addition to equity, the board gave its approval for raising up to ₹8,500 crore through issuance of eligible debt securities in either Indian or foreign currency. The debt issuance will also respect the 10% dilution cap.

The filing also revealed board approval for amendments to the Articles of Association of Yes Bank. These changes are in line with the share purchase agreement signed on May 9 between Yes Bank, Sumitomo Mitsui Banking Corporation (SMBC), and State Bank of India (SBI). The amendments are subject to approvals from the Reserve Bank of India (RBI) and Yes Bank shareholders.

The proposed amendments to the Articles of Association aim to incorporate the rights of SMBC and SBI, with fall-away thresholds of 10% and 5%, respectively. This reflects the strategic partnership and investments made by the two financial institutions in Yes Bank.

This capital raising exercise is a key step towards strengthening Yes Bank’s financial position and supporting its growth plans amid evolving market conditions and regulatory requirements

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Yes Bank board approves raising ₹16,000 crore through equity and debt mix

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