Acquisitions19 Sept 2025, 10:56 am
State Bank of India Sells 13.18% Stake in Yes Bank to Sumitomo Mitsui Banking Corporation
AI Summary
State Bank of India (SBI), one of the largest public sector banks in India, has sold a 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) through an off-market transfer. The transaction took place on September 17, 2025, as per the disclosure made by SBI to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Key Highlights
- State Bank of India sold 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation
- The transaction was carried out through an off-market transfer
- The deal took place on September 17, 2025
- Yes Bank's equity share capital stands at Rs. 63,50,61,43,810 comprising 31,75,30,71,905 equity shares of Rs. 2/- each as per the shareholding pattern for quarter ended June 30, 2025 published on the stock exchanges