State Bank of India (SBI) has divested a 13.18% stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC) for ₹8,888.97 crores. The transaction, involving 413,44,04,897 equity shares, was completed after receiving necessary regulatory approvals and fulfilling customary conditions, as of September 17, 2025.
SBI Sells Stake in Yes Bank
State Bank of India (SBI) has successfully divested a 13.18% stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC). The sale involved 413,44,04,897 equity shares.
Transaction Details
The transaction was executed at a price of ₹21.50 per equity share, resulting in a total consideration of ₹8,888.97 crores for the stake. The divestment was completed as of September 17, 2025, following the receipt of all regulatory and statutory approvals.
Regulatory Approvals and Conditions
The completion of the transaction was contingent upon SMBC obtaining requisite approvals from the Reserve Bank of India on August 22, 2025, and the Competition Commission of India (CCI) on September 2, 2025, along with the satisfaction of customary conditions outlined in the share purchase agreement dated May 9, 2025.
Impact on SBI Group
The Profit & Loss contribution of the Yes Bank stake to SBI Group was ₹512.12 crores (0.66%). The Reserve & Surplus contribution was ₹2,571.87 crores (0.53%).
About Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese multinational financial services company and belongs to the Sumitomo Mitsui Financial Group (SMFG).
Source: BSE
