Yes Bank Limited has announced that Sumitomo Mitsui Banking Corporation (SMBC) has increased its stake in the lender to 24.22% following an off-market transaction.
According to the disclosure filed under Regulation 29(2) of SEBI’s Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, SMBC acquired 1,32,39,58,760 equity shares, representing 4.22% of Yes Bank’s total share capital.
Prior to this transaction, SMBC held 20% in the private lender. With the latest acquisition, its shareholding has risen to 24.22% of total equity capital, or 23.92% on a fully diluted basis.
The filing confirmed that the acquisition was executed via off-market mode on September 22, 2025. The total equity share capital of Yes Bank stood at ₹62,731.24 crore (31.36 billion shares of face value ₹2 each) as of June 30, 2025.
Yes Bank noted that the transaction does not alter its overall capital structure, but further strengthens its relationship with the Japanese financial major, which has been a key strategic investor.
