SBI sells 13.19% shr in YES Bk to Sumitomo Mitsui Banking for INR 88.89 bln
This story was originally published at 13:12 IST on 17 September 2025
Register to read our real-time news.Informist, Wednesday, Sept. 17, 2025
--SBI: Sold 13.19% stake in YES Bank to Sumitomo Mitsui Banking Corp
--SBI: Got INR 88.89 bln from sale of 13.19% stake in YES Bank
MUMBAI – State Bank of India sold 13.19% stake in YES Bank Ltd. to Sumitomo Mitsui Banking Corp. for INR 88.89 billion, SBI informed exchanges Wednesday. SBI sold 4.13 billion shares of the bank at INR 21.50 per equity shares.
SBI was the largest shareholder of YES Bank since March 2020 after the YES Bank Ltd. Reconstruction Scheme, 2020. As of Jun. 30, SBI held 23.96% stake in YES Bank and held 7.52 billion shares of the bank. The sale was completed on Wednesday, the bank said. After the divestment, the shareholding of SBI in YES Bank was reduced to 10.8%, the bank said.
The Reserve Bank of India had granted its approval to the Japanese multinational financial services company SMBC's proposal to acquire up to 24.99% of the paid-up share capital or voting rights of YES Bank on Aug. 23.
"We are excited to welcome SMBC, a marquee financial institution, as a strategic partner through the largest cross-border transaction in India's banking sector," said C.S. Setty, the state-owned lender's chairman and managing director. "Their global expertise will be a great complement to YES Bank's ongoing progress and future ambitions."
For the June quarter, YES Bank net profit had surged nearly 60% on year to INR 8.01 billion. At 1249 IST, shares of the bank traded 0.4% lower at INR 20.93 on the National Stock Exchange. At the same time, shares of SBI traded 0.4% lower at INR 1,810.70 on the NSE. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Srijita Bose
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
