8 months ago
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Yes Bank connected Tuesday (September 23, 2025) said Sumitomo Mitsui Banking Corporation (SMBC) of Japan has acquired an further 4.22% involvement successful the Mumbai-based bank.
With the acquisition, SMBC's involvement successful Yes Bank has accrued from 20% to 24.22%
SMBC acquired 132.39 crore shares via off-market merchantability connected September 22, Yes Bank said successful a regulatory filing.
With the acquisition, the full holding of the Japanese entity successful the slope roseate to 759.51 crore shares, it said.
With this transaction, SMBC has go Yes Bank's largest shareholder, portion SBI continues to clasp a important involvement of implicit 10%.
The backstage assemblage slope stated its volition to leverage SMBC's planetary strengths, peculiarly successful facilitating commercialized and concern flows betwixt Japan and India, to accelerate maturation successful its firm banking, treasury services, and cross-border solutions.
Also, Yes Bank said that 4 home recognition standing agencies— CRISIL, ICRA, India Ratings, and CARE— person present assigned it AA- ratings, the highest level since March 2020. These upgrades bespeak the bank's strengthened superior position, robust governance, and improved concern performance.
Last week, the country's largest lender, SBI, announced the completion of the divestment of astir 13.18% involvement successful Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) of Japan for ₹8,888.97 crore.
SMBC has reached an statement with CA Basque Investments, an affiliate of the planetary concern steadfast Carlyle Group, to summation its equity involvement successful Yes Bank by an further 4.22%
SBI and the 7 capitalist lenders had invested successful the slope arsenic portion of the Yes Bank reconstruction strategy successful March 2020. The state-owned SBI, which held a 24% involvement successful Yes Bank, is present near with a small implicit 10% involvement aft the dilution.
In March 2020, weeks earlier the onset of the Covid crisis, the RBI and the authorities staged a rescue enactment which saw banks led by SBI taking a 79% involvement successful Yes Bank and helping it enactment afloat.
