Yes Bank shares tank over 9% after 3% equity changes hands via block deals

Shares of private lender Yes Bank on Tuesday cracked 9.5% to their intraday low of Rs 21.05 in Tuesday's trade on the BSE after 3% equity of the bank reportedly changed hands in multiple blocks in today’s session

The PE Investor is the likely seller in the transaction, according to reports by CNBC TV-18. However, any other details about the buyer, seller, or the transaction are not currently known.

Additionally, the stock is likely to remain in focus today ahead of the private lender's board meeting to consider fundraising proposals.


The stock surged over 8% on Monday, making it the third-best performer on the Nifty 500 index, following media reports that Sumitomo Mitsui Banking Corporation (SMBC) is seeking regulatory approval to operate a wholly-owned subsidiary in India. The move was speculated as part of SMBC’s strategy to eventually acquire a controlling stake in Yes Bank.

In a clarification to the exchanges early Tuesday, Yes Bank denied knowledge of such developments. “The bank is not privy to any such discussions. Further references to the bank having 'road map' discussions with the RBI are factually incorrect,” it said.

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The board will consider fundraising through equity shares, debt instruments, or other securities via methods such as private placement or preferential issue, as permitted under applicable laws.

In May, SMBC had announced plans to acquire a 20% stake in Yes Bank from a consortium led by State Bank of India, which had stepped in to rescue the lender during its 2020 crisis. The deal values the bank at just over $8 billion.

Yes Bank Share Price Target and Performance

According to Trendlyne, the average target price for Yes Bank is Rs 16, suggesting a downside of around 29% from current levels. Of the 12 analysts tracking the stock, the consensus rating is ‘Sell’.

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On Monday, Yes Bank shares closed at Rs 23.27 on the BSE, up 8.4%, even as the benchmark Sensex edged down 0.09%. The stock is up 19% so far in 2025 and has gained 39% over the past three months. Its market capitalisation currently stands at Rs 72,976 crore.

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