Deals6 May 2025, 12:48 pm
Yes Bank Clarifies on SMBC Stake Acquisition Talks with SBI
AI Summary
Yes Bank Ltd. has clarified a recent news item that appeared in www.moneycontrol.com on May 6, 2025, regarding negotiations with Japan's SMBC and State Bank of India (SBI) for stake acquisition. The bank is on a growth trajectory and routinely explores opportunities with various stakeholders. However, such discussions are preliminary and do not warrant a disclosure at this stage. The bank is not aware of any information that has not been announced to the Exchanges, which requires disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015. There are no regulatory or legal proceedings related to this news item.
Key Highlights
- Yes Bank clarifies news item about SMBC's stake acquisition talks with SBI
- Bank is on a growth trajectory and explores opportunities with various stakeholders
- Discussions are preliminary and do not warrant disclosure at this stage
- No undisclosed information that requires disclosures under SEBI regulations
- No regulatory or legal proceedings related to the news item