Archive · 3 Jun 2025
Yes Bank Shares Plunge After Clarifying SMBC Acquisition Rumors
Yes Bank's stock price dropped because the bank denied reports that SMBC, a Japanese bank, was planning to take over.
Before this, the stock had gone up because of speculation about the deal.
Yes Bank said it knew nothing about it, which made investors worry.
The bank's board is now talking about raising money.
Yes Bank shares fell nearly 10% on June 3, 2025, following a clarification.
The clarification addressed reports about SMBC seeking RBI approval for a subsidiary.
The bank stated it was not privy to discussions about matters in the report.
The stock had risen over 8% the previous day amid SMBC acquisition speculation.
The board is set to discuss potential fundraising initiatives.
- Who
- Yes Bank and Sumitomo Mitsui Banking Corporation (SMBC).
- What
- Yes Bank shares fell after a clarification on an acquisition report.
- When
- June 3, 2025
- Where
- India
- Why
- Yes Bank denied discussions about an acquisition by SMBC.
Yes Bank Statement
Market Reaction
Acquisition Rumors
Yes Bank Statement
Yes Bank clarified it was not involved in discussions related to the news report, and said references to roadmap discussions with the RBI are incorrect.
Market Reaction
Reports suggested that a PE Investor is the probable seller in these transactions. The specifics regarding the buyer and other transaction details remain undisclosed.
- Stock Drop
- Nearly 10%
- Date
- June 3, 2025
- Market Cap
- Rs 65,732 crore
- 52-week high
- Rs 27.41
Sources
Sumitomo Mitsui Banking Corporation to seek RBI Yes for licence to operate wholly owned arm
Yes Bank shares in focus ahead of board meet to raise funds, rumour clarification
Yes Bank shares tank after ₹2,022 crore block deal; PE firm likely seller: Exclusive
Yes Bank shares fall 8% after 3 sessions of gain. Here's why
Yes Bank shares crash 7% on reports of 3% equity changing hands via block deals
