State Bank of India (SBI) on Wednesday announced that it has completed the divestment of a 13.18% stake in Yes Bank Limited (YBL) to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of approximately Rs 8,888.97 crore.
The transaction involved the transfer of 41,34,404,897 equity shares of Yes Bank at Rs 21.50 per share, as approved earlier by SBI’s Executive Committee of the Central Board in its May 9, 2025 meeting.
According to SBI’s filing, the deal was subject to statutory and regulatory approvals, which have now been secured. The Reserve Bank of India cleared the transaction on August 22, 2025, while the Competition Commission of India (CCI) granted its nod on September 2, 2025. With these approvals in place, the transfer was completed on September 17, 2025.
The bank also confirmed that the disclosure has been made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements and the SEBI Master Circular dated November 11, 2024.
