Sumitomo Mitsui-Yes Bank Acquisition: Confirmed! SBI, other banks to sell 20% stake - How will shareholding change

Sumitomo Mitsui-Yes Bank Acquisition: To acquire the 20 per cent stake in Yes Bank, SMBC has entered into a share purchase agreement with SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank.

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Authored by: Himanshi Singh

Updated May 9, 2025 18:07 IST

Sumitomo Mitsui-Yes Bank Acquisition
Photo : ET Now Digital

Sumitomo Mitsui-Yes Bank Acquisition: Confirmed! SBI, Federal Bank selling 430 crore shares - Shareholding update

Sumitomo Mitsui-Yes Bank Acquisition: It is finally confirmed now that India’s largest public sector lender SBI and Federal Bank are selling shares in Yes Bank . Japanese multinational SMBC will be acquiring a 20 per cent stake in the private sector lender through a secondary stake purchase from SBI and others.
It is worth mentioning here that this transaction is the largest cross-border investment in the Indian banking sector. It is subject to the necessary regulatory and statutory approvals including from the Reserve Bank of India and Competition Commission of India and will be subject to customary closing conditions.

Sumitomo Mitsui-Yes Bank Acquisition

Sumitomo Mitsui will acquire 4,134,404,897 equity shares representing 13.19 per cent of the equity share capital of the Bank from State Bank of India , worth Rs 8,888.97 crore. The transaction is subject to regulatory and statutory approvals. Federal Bank will be selling 16.62 crore shares of Yes Bank to SMBC at Rs 21.5 per share.

To acquire the 20 per cent stake in Yes Bank, SMBC has entered into a share purchase agreement with SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank, and Bandhan Bank.

Yes Bank Shareholding

The shareholding details of the parties in Yes Bank as on Friday, May 9, is as follows:
Yes Bank Shareholding

Yes Bank informed that it does not have any shareholders forming part of the promoter/ promoter group. 100 per cent of the shareholding of the Bank is held by shareholders in the ‘public’ category.
Further, as part of the stake sale agreement, State Bank of India will continue to have a right to nominate 1 ‘non-executive and non-independent director’ on the Board of Yes Bank, on terms as agreed. It will also retain a 10 per cent stake in Yes Bank post the transaction.
Meanwhile, shares private lender Yes Bank zoomed around 10 per cent to hit an intraday high of Rs 20.36 apiece, before closing at Rs 20 on BSE.

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