ADVERTISEMENT
Shares of YES Bank on Wednesday gained 13.5% on the BSE to close the day at ₹71.6 on reports of stake sale by co-founder Rana Kapoor. In intra-day, the bank’s shares soared to the day’s high of ₹72.55—an increase of 15% from the previous trading day’s closing price of ₹63.1 a share on Monday.
Due to regulator-pushed top-level management changes and audit revelations from the Reserve Bank of India, the YES Bank stock touched a 52–week low of ₹53.1 on August 22. A year ago it was trading at a 52–week high of ₹328.95.
YES Bank, ranked 61 on the list of Fortune India 500 companies last year, has been facing a tough time lately because of issues like higher provisioning, increasing non-performing assets (NPAs), falling profits, and credit rating downgrades.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
Chief executive and managing director Ravneet Gill, who took charge in March, has quite a task on hand. The biggest of all is fundraising for the bank.
On Monday, a report from online business news website MoneyControl said YES Bank’s co-founder Rana Kapoor is in talks with Paytm founder Vijay Shekar Sharma to sell his 9.67% stake for around ₹2,000 crore.
"The bank in the usual and ordinary course of its business continues to explore various means of raising capital/funds through issuance of securities to a diverse set of investors, in order to meet its business/ regulatory requirements, subject to compliance with prescribed procedures and receipt of statutory/regulatory approvals," said YES Bank in a statement.
While the bank is in constant interaction with prospective investors, the last two days saw 27 such investor meetings—26 in Hong Kong, while one meeting happened in Mumbai. Speculations are rife that the bank is on the verge of seeing equity infusion.
Fortune India is now on WhatsApp! Get the latest updates from the world of business and economy delivered straight to your phone. Subscribe now.