Federal Bank has sold its stake of 16,62,73,472 equity shares in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) for ₹21.50 per share. The transaction, completed on September 17, 2025, follows prior agreements and regulatory approvals. The sale generates a consideration of Rs. 2.00/- per share for Federal Bank and aligns with its strategic objectives.
Stake Divestment Overview
Federal Bank has officially divested its holding in Yes Bank Limited, completing the sale of 16,62,73,472 equity shares. The buyer is Sumitomo Mitsui Banking Corporation (SMBC), a banking corporation headquartered in Japan.
Transaction Details
The sale was executed on September 17, 2025. The shares were sold at a price of ₹21.50 per share, with a face value of Rs. 2.00/- each. This transaction follows the terms outlined in the Letter Agreement dated May 09, 2025.
Strategic Alignment
This stake sale reflects Federal Bank’s ongoing strategic initiatives. With all regulatory requirements fulfilled, the divestment supports the bank’s focus and capital allocation strategies. The process aligns with the bank’s overarching objectives and will contribute to long-term value creation.
Source: BSE
