Shares of Yes Bank rose about 5% in intraday trading on Friday after CNBC-TV18 reported that the bank’s board of directors will meet today to consider a financing proposal.

Shares of the bank were trading 3.8% higher at Rs 15.13 on the BSE at 12:02 pm.

Both Carlyle and Advent are eyeing stakes of up to 10% each, they said. In addition, they added that Carlyle and Advent are seeking a board nomination as part of the funding.

Last week, CNBC-TV18 reported that Yes Bank’s resolution was moving quickly, with Asset Restructuring Company (ARC) announcing the final stage of the deal and the next phase of private equity funding.

Carlyle and Advent will reportedly receive board seats as part of the investment. Yes Bank has changed its articles of incorporation to make room for these appointments, media reported.