Run-through
State Bank of India (SBI) has actually completed the divestment of a 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) for roughly Rs 8,889 crore. This deal included the sale of 413.44 crore equity shares at Rs 21.50 per share.
The State Bank of India (SBI)on Wednesday stated that it has actually finished the divestment of a 13.18 %stake in Yes Bank Limited to Japan’s Sumitomo Mitsui Banking Corporation(SMBC)for a factor to consider of about Rs 8,889 crore.
The deal included the sale of 413.44 crore equity shares of Yes Bank at Rs 21.50 per share.
SBI stated the sale was carried out after SMBC protected the needed approvals from the Reserve Bank of India (RBI) on August 22, 2025, and from the Competition Commission of India on September 2, 2025.
The offer follows the approval approved by SBI’s Executive Committee of the Central Board in May 2025. The contract likewise consisted of popular conditions precedent, which have actually now been satisfied, enabling the transfer of shares to be finished.
SBI shares were trading at Rs 842.90 each on the BSE, up 1.33% since 12.20 PM on Wednesday. Yes Bank’s shares were down by 0.24% at Rs 20.95 each.
SBI Chairman, Shri Challa Sreenivasulu Setty invited SMBC as a tactical partner through the biggest cross-border deal in India’s banking sector. “Yes Bank reorganizing strategy by RBI in 2020 was an ingenious, very first of its kind public sector– economic sector collaboration that was totally supported and helped with by Government of India. We are extremely happy with the journey we have actually shown Yes Bank in supporting their improvement because we came onboard as the significant investor in 2020. This is possibly the very best example of securing the consumer interests of a big bank by collective efforts of SBI and other banks under the assistance of Government of India and RBI.” he stated.
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Japan’s biggest bank had actually made a Rs 13,483-crore ($1.6 billion) offer to obtain 20% stake in Yes Bank and likewise marking its entry in Indian banking scene.
SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), likewise got the Reserve Bank of India’s approval to select 2 candidate directors to Yes Bank’s board.
SBI and 7 personal banks– HDFC Bank, ICICI Bank, Kotak Mahindra, Axis Bank, IDFC First Bank, Federal Bank and Bandhan Bank-had signed a conclusive arrangement to collectively offer 20% stake at Rs 21.50 a share.
These banks had actually signed up for the shares at Rs 10 each in 2020. Under the contract, SBI has actually now offered 13.19% of its 24% stake for Rs 8,889 crore, while the staying 7 banks will offer 6.81% stake for 4,594 crore. Significantly, SBI will continue to stay an investor of Yes Bank with
SMBC has approval from the RBI to raise its stake in Yes Bank up to 24.99%. It might obtain the staying 4.99% stake either from the personal equity companies Advent and Carlyle or register for the preferential shares to be provided by the personal bank, ET had actually reported on September 15.
ET had actually reported on August 29 that SMBC remains in talks with Yes Bank to instill 16,000 crore in the loan provider through a mix of financial obligation (8,500 crore) and equity (7,500 crore). The board of the bank has actually protected investors’ approval for the fundraising.