Overview

• SMBC completed a 20% acquisition in Yes Bank through secondary purchases from SBI and other banks, making it the lender’s largest shareholder.
• SBI sold 413.44 crore shares, or about 13.18–13.19%, for Rs 8,888.97 crore at Rs 21.50 per share and now holds roughly 10.8%.
• SMBC agreed to buy an additional about 4.2% from Carlyle affiliate CA Basque Investments for around Rs 2,850 crore, taking its stake toward 24.2% and targeting the RBI-cleared 24.99%.
• Shinichiro Nishino and Rajeev Veeravalli Kannan joined Yes Bank’s board as SMBC‑nominated non‑executive directors effective September 18, subject to shareholder approval, while SBI nominee Sandeep Tewari resigned on September 17.
• The transactions followed RBI and CCI clearances; Yes Bank received AA- ratings from CRISIL, ICRA, India Ratings and CARE, and SBI described the stake transfer as the largest cross‑border investment in India’s banking sector.