Last Updated:
Yes Bank Stake Sale: Yes Bank’s shares are in focus today, May 12, after Japanese banking giant Sumitomo Mitsui acquires 20% stake.
Yes Bank Share Price: Shares in focus after Sumitomo Mitsui acquires 20% stake.
Yes Bank Share Price, Yes Bank Stake Sale: Yes Bank Limited’s shares to react on Monday, May 12, after Sumitomo Mitsui Banking Corporation (SMBC) acquired 20% stake in private lender following entering into a definitive agreement on May 09, 2025.
Yes Bank Stake Sale
As per the agreement, SMBC bought 13.9 per cent stake from SBI via secondary stake purchase and 6.81 per cent aggregate stake from other bank shareholders including Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, ICICI Bank Limited, IDFC First Bank Limited, and Kotak Mahindra Bank Limited.
SBI and the seven Investor Banks had invested in the Bank as part of the YES Bank Reconstruction Scheme in March 2020.
SMBC, is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc. (“SMFG”). SMFG is the second largest banking group in Japan with Total Assets of ~US$2tn as of December 2024 with strong global presence. SMFG is listed on the Tokyo Stock Exchange, Premier Market of the Nagoya Stock Exchange and SMFG’s American Depositary Receipts (ADRs) are also listed on the New York Stock Exchange. SMFG is rated A1 / A- (Stable) by Moody’s and S&P respectively (long-term outlook).
SMBC is among the leading foreign banks in India and SMFG’s wholly owned subsidiary, SMFG India Credit Company Limited, is among the largest diversified NBFCs in India.
- First Published: