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Yes Bank shares tumble 5 per cent ahead of board meeting

Yes Bank shares tumble 5 per cent ahead of board meeting
A logo of Yes Bank Ltd. sit on bank's branch in Mumbai, India, on Tuesday, April 30, 2019. Photographer: Dhiraj Singh/Bloomberg

Shares of Yes Bank on Tuesday declined by over 5 per cent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion.

On the BSE, the shares fell 4.98 per cent to Rs 53.40. The scrip on the NSE tumbled by 5.15 per cent to Rs 53.35.

The bank had said eight investors led by Erwin Singh Braich have evinced interest to pump USD 2 billion into the lender.

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