YES Bank Ownership Shift: Bandhan @ 0.21%, SBI @10.8%, SMBC Rising, 4 Points

Delhi / Tokyo

₹8,889 Cr Deal: Bandhan Bank Cuts YES Bank Stake, SMBC Expands Bet

Key Highlights

1. Bandhan Bank’s Share Sale

   • Sold 15.39 crore equity shares of YES Bank Ltd.

   • Sale price: ₹21.50 per share.

   • Total value: approx. ₹3,308 crore.

   • Stake reduced from 0.70% to 0.21%.

2. Buyer: Sumitomo Mitsui Banking Corporation (SMBC)

   • Japanese banking giant expanding its footprint in India.

   • Recently received RBI approval to acquire up to 25% stake in YES Bank.

   • Marks one of the largest cross-border investments in India’s banking sector.

3. SMBC’s Parallel Purchase from SBI

   • Bought 13.18% stake in YES Bank from State Bank of India (SBI).

   • Deal size: ₹8,888.97 crore.

   • Post-transaction, SBI retains 10.8% stake in YES Bank.

4. Strategic Significance

   • Strengthens YES Bank’s international backing with a strong Japanese player.

   • Bandhan Bank unlocks capital via divestment.

   • SBI trims exposure but stays invested as a key shareholder.

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The information provided above is for educational and informational purposes only. It should not be considered as financial advice or an investment recommendation. Readers are advised to consult their financial advisors before making any investment decisions. The Profit India does not take responsibility for any losses incurred based on the information provided.