Yes Bank, Ola Electric, Nestle, Hyundai Motor India and HDFC Bank shares will be in focus during today's session. Citigroup executed a major stake acquisition in Ola Electric, signaling institutional confidence in India's electric mobility future. Meanwhile, capital markets regulator SEBI approved IPOs for six companies, including HDB Financial Services, a key arm of HDFC Bank. Adding further momentum, Yes Bank unveiled an ambitious Rs15,000 crore fundraising plan, backed by its strategic partner Sumitomo Mitsui Banking Corporation (SMBC). Together, these moves highlight a notable realignment in equity and debt capital strategies across India's banking and technology-driven sectors.

Citigroup Bets Big on Ola Electric’s Future

In a transaction that caught the attention of market watchers, Citigroup acquired over 8.61 crore shares in Ola Electric Mobility through a block deal valued at Rs435 crore. This move marks a significant institutional endorsement for the EV startup, which is actively shaping India's electric vehicle ecosystem.

The sellers in the transaction were Hyundai Motor Company and Kia Corporation, who partially offloaded their holdings, indicating a strategic realignment rather than a complete exit. While Hyundai and Kia continue to back electrification, their partial stake reduction allows room for diversified partnerships in the evolving mobility landscape.

Citigroup’s investment reflects a strong conviction in Ola Electric’s growth trajectory, especially as the startup accelerates its battery innovation, localized manufacturing, and market penetration across India.

SEBI Clears Path for HDB Financial and Other IPOs

In a key regulatory move, the Securities and Exchange Board of India (SEBI) granted approval for initial public offerings (IPOs) from six companies, including HDB Financial Services, a subsidiary of HDFC Bank. This development sets the stage for one of the most anticipated listings in India’s financial services space.

HDB Financial Services operates as a non-banking financial company (NBFC) and is widely recognized for its robust retail lending portfolio. The impending IPO is expected to unlock significant value for HDFC Bank and provide fresh capital for business expansion.

The regulatory greenlight also signals SEBI’s continued emphasis on strengthening India’s primary capital markets, offering both retail and institutional investors exposure to high-growth enterprises.

Hyundai Motor Adds Premium Touch to Alcazar SUV

On the automotive front, Hyundai Motor announced upgrades to its Alcazar SUV, targeting discerning consumers in India’s booming premium vehicle segment. The refreshed Alcazar will now feature a panoramic sunroof and a dual-clutch transmission (DTC) option, enhancing both aesthetics and driving performance.

The move is strategic in nature, aimed at consolidating Hyundai’s position in the mid-size premium SUV space. As consumer preferences shift toward tech-savvy and feature-rich vehicles, automakers like Hyundai are racing to deliver value-laden innovations.

This development also aligns with Hyundai’s broader strategy of fortifying its India portfolio, especially as the company deepens its localization and electric vehicle commitments.

Yes Bank Board Approves Rs15,000 Crore Fundraising for FY26

In a robust capital raising move, Yes Bank’s board approved plans to raise up to Rs15,000 crore through a mix of equity and debt instruments. The proposed funding will be structured in multiple tranches during FY26, with equity capital of up to Rs7,500 crore and debt capital worth Rs8,500 crore.

The fundraising will target both domestic and international markets, allowing the bank to diversify its capital base while maintaining regulatory compliance and investor interest. The board clarified that any equity dilution would not exceed 10%, safeguarding shareholder value.

The resolution also includes the flexibility to raise debt in Indian or foreign currencies, reinforcing the bank’s intent to tap into global liquidity channels amid a favorable interest rate environment.

Strategic Partnership with SMBC Gains Momentum

Yes Bank’s capital strategy gains added weight through its deepening ties with Japan’s Sumitomo Mitsui Banking Corporation (SMBC). Following a Rs13,483 crore deal announced on May 9, SMBC is set to acquire a 20% stake in Yes Bank via a secondary market transaction.

To facilitate this, Yes Bank will amend its Articles of Association, paving the way for further equity infusion by SMBC. The Japanese lender will gain pro-rata pre-emptive rights, ensuring it can maintain its stake in future equity issuances. Additionally, SMBC will nominate two non-executive, non-independent directors to Yes Bank’s board, solidifying its strategic influence.

This partnership is expected to drive operational synergy and capital efficiency, offering Yes Bank access to SMBC’s international expertise, customer base, and capital markets network. For SMBC, the deal enhances its footprint in one of Asia’s most dynamic banking markets.