Shares of Yes Bank surged over 5% to ₹18.70 in early trade on Monday following a report by The Economic Times that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is in advanced discussions to acquire a substantial stake in the private lender. The stock climbed from its previous close of ₹17.73, marking a 5.47% increase.
According to the report, SMBC is currently negotiating with the State Bank of India (SBI), Yes Bank’s largest shareholder, which holds a 23.97% stake as of March 2025. The deal being discussed involves a stake of over 5.1%, which could trigger an open offer under SEBI norms, potentially altering the bank’s shareholding dynamics significantly.
Advent International (9.20%) and Carlyle (6.84%) are expected to continue their investments, while institutional stakeholders like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, and LIC together hold 11.34%.
This development comes as Yes Bank continues its post-revival growth path, reporting a 27% year-on-year rise in total deposits to ₹2.85 lakh crore in FY25 and a net profit of ₹2,046 crore. Notably, the bank’s net NPA improved to 0.6%, reflecting better asset quality.
If the deal materialises, it could become one of the largest foreign-led banking transactions in India, reshaping the private banking landscape.
Disclaimer: This news is based on a report published in The Economic Times. The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
