Yes Bank Limited board of directors at its meeting on June 29, 2026 approved raising funds through two separate channels totalling up to Rs 16,000 crore. The board cleared equity issuance up to Rs 7,500 crore and debt securities up to Rs 8,500 crore.
The equity securities may be issued through various permissible means. The aggregate dilution from equity issuance shall not exceed 10 per cent, including dilution from conversion of any convertible debt securities approved under the debt resolution.
The debt securities may be issued in Indian or foreign currency in one or more tranches and in domestic or overseas markets. Convertible debt securities under this resolution shall also be subject to the same 10 per cent aggregate dilution cap combined with equity issuance.
Both resolutions are enabling in nature and subject to approval of shareholders and other regulatory and statutory clearances as applicable. The 22nd Annual General Meeting has been scheduled for August 19, 2026 to seek shareholder approval for the fund raising proposals.
The AGM notice will include enabling shareholder resolutions for both the equity and debt fund raising items. The bank will submit the AGM notice to the stock exchanges in due course as per Listing Regulations.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.