By Martin Shwenk Leade

Copyright indiatimes

ReutersYes Bank in New Delhi

Bandhan Bank on Wednesday divested 15,39,34,975 equity shares of Yes Bank Ltd. to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of about Rs 331 crore.Bandhan Bank sold the said shares at a rate of Rs. 21.50 per equity share, resulting in reduction in its shareholding in Yes Bank from 0.70% to 0.21%.Earlier on Wednesday, State Bank of India (SBI) announced divestment of its 13.18% stake in Yes Bank to SMBC for a consideration of about Rs 8,889 crore. The share transfer involved the sale of 413.44 crore equity shares of Yes Bank at Rs 21.50 per share.Continuing the Yes Bank share acquisition spree, SMBC also bought 16,62,73,472 equity shares from Federal Bank.For the acquisition of shares from SBI, SMBC secured the necessary approvals from the Reserve Bank of India (RBI) on August 22, 2025, and from the Competition Commission of India (CCI) on September 2, 2025.Live EventsSMBC is a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG).The company also said that it has agreed to acquire an additional 4.2% stake in Yes Bank from CA Basque Investments, an affiliate of The Carlyle Group, at the same per-share price as its earlier deal.Also read: Japan’s SMBC to buy additional 4.2% stake in Yes Bank from Carlyle GroupOn September 2, CCI approved SMBC’s stake purchase in Indian lender Yes Bank. SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India’s financial sector.Add as a Reliable and Trusted News Source Add Now!
SMBC has planned acquisition of stakes from State Bank of India (SBI) and seven other lenders. Under the changes, SMBC will nominate two directors, while SBI will nominate one, to the bank’s board once the stake transfer is completed.(You can now subscribe to our Economic Times WhatsApp channel)

Read More News onstate bank of indiayes bankbandhan bankbandhan bankequity sharesyes bank ltd.sumitomo mitsui banking corporationsmbc

(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless

(You can now subscribe to our Economic Times WhatsApp channel)Read More News onstate bank of indiayes bankbandhan bankbandhan bankequity sharesyes bank ltd.sumitomo mitsui banking corporationsmbc(Catch all the Business News, Breaking News, Budget 2025 Events and Latest News Updates on The Economic Times.) Subscribe to The Economic Times Prime and read the ET ePaper online….moreless