Yes Bank shares soared over 8% on Thursday, reaching a three-month high after reports emerged that both Yes Bank and State Bank of India (SBI) boards are set to hold separate meetings today to deliberate on a potential stake sale to Japan’s Sumitomo Mitsui Banking Corporation (SMBC).
According to sources cited by The Economic Times, SMBC is aiming to acquire a controlling stake in Yes Bank. The Japanese banking giant had initially begun exploratory talks in 2024, as first reported by Moneycontrol. Those discussions are now reportedly back on track.
SBI, which currently holds a 23.97% stake in Yes Bank, may consider divesting up to 20% of its shareholding to SMBC. In addition, sources suggest that SMBC is considering infusing fresh capital equivalent to a 6–7% stake and may also make an open offer to raise its stake to 51%, effectively giving it control of the private lender.
Yes Bank has a broad base of institutional investors. Notable stakeholders include:
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Axis Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank with a collective 7.36%
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Advent International (9.2%)
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Carlyle (6.84%)
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LIC (3.98%)
If negotiations progress smoothly and SMBC agrees to the regulatory framework governing shareholding and voting rights in India, an official agreement could be expected within the current fiscal year, sources told Moneycontrol.
Over the past month, Yes Bank’s stock has risen nearly 14%, although it remains slightly down year-to-date in 2025.
Disclaimer:
The above article is based on publicly available reports and information from reputed media outlets such as The Economic Times and Moneycontrol. Jobaaj News does not independently verify these claims. Market participants should perform their own due diligence or consult financial advisors before making investment decisions.
