SBI sells 13.18% Stake in YES Bank, Check All Details
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SBI has divested 13.18% stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC).
The Executive Committee of the Central Board (ECCB) of the Bank in the meeting held on 9th May, 2025 had accorded approval to divest 413,44,04,897 equity shares of Yes Bank Limited (YBL), being equivalent to 13.19% (approx.) of YBL shares to Sumitomo Mitsui Banking Corporation (SMBC), at Rs.21.50 per equity share, for a consideration of Rs.8888,97,05,285 and paisa 50 only (Rs.8888.97 crores approx.), subject to receipt of all regulatory and statutory approvals by the acquirer.
Pursuant to SMBC obtaining the requisite approvals from the Reserve Bank of India on 22nd August, 2025 & CCI on 2nd September, 2025 and satisfaction of customary conditions precedent as laid out in the share purchase agreement dated May 09, 2025, the transfer of shares has been completed today.
All Details of Stake Sale are Given Below
| Sr. No. | Details of the Particular | Remarks |
|---|---|---|
| a | Amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year | P&L of SBI Group – Rs. 512.12 crores (% of contribution – 0.66%) Reserve & Surplus of SBI Group – Rs. 2,571.87 crores (% of contribution – 0.53%) |
| b | Date on which the agreement for sale has been entered into | 09.05.2025 |
| c | Expected date of completion of sale/disposal | Completed on 17.09.2025 |
| d | Consideration received from such sale/disposal | The Bank has received Rs. 8,888.97 crore from the acquirer |
| e | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof | Sumitomo Mitsui Banking Corporation (SMBC), a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG). Does not belong to the promoter/promoter group/group companies. |
| f | Whether the transaction would fall within Related Party Transactions? If yes, whether the same is done at “Arm’s Length” | No |
| g | Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations | No |
| h | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale | Not applicable |
