Board Meeting29 Jun 2026, 06:50 pm
Yes Bank Board Approves Fund Raising Up to ₹16,000 Cr
AI Summary
Yes Bank's Board of Directors, in a meeting held on June 29, 2026, has approved enabling resolutions for raising funds. The bank can issue equity securities up to ₹7,500 crores, with a potential dilution not exceeding 10%. Additionally, it can issue debt securities, including convertible ones, up to ₹8,500 crores, also with a maximum 10% dilution if convertible. These resolutions are subject to shareholder and regulatory approvals. The Board also approved the notice for the 22nd Annual General Meeting (AGM) scheduled for August 19, 2026, which will include shareholder resolutions for these fund-raising plans.
Key Highlights
- Board approved equity issuance up to ₹7,500 Cr with max 10% dilution.
- Board approved debt issuance up to ₹8,500 Cr with max 10% dilution.
- Fundraising plans require shareholder and regulatory approvals.
- AGM scheduled for August 19, 2026, to seek shareholder nod.
- Board meeting duration was 4 hours and 45 minutes.
Price Impact
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