Along with this, the private lender’s board has also announcing amendments to the articles of association pursuant to the terms of the term of the share Purchase Agreement Dated May Executed by and Amgst the lender, Sumitomo Mitei 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 issue of equity securitys 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 bot.
“We wish to inform that the board of directors of the bank at its meeting help today, June 03, 2025 has inter alia, considered and approved the following:
(1) Raising of Funds by Way of Issuance of Eligible Equity Security 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 this items of this items 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 app
(2) Raising of Funds by Way of Issuance of Eligible Debt Securities in Indian Or Foreign Currency, Provided that agregate amount amount to be raised by 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 equity of Equity of Equity Securities As approved by the board), in one or more transhes and /or series, in domestic and /or overseas market, as an enoughing resolution as per the requirements of applicable laws, which shall be Subject of the Sharehlders and other regulatory and/or statutory approvals, as applicable
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