Yes Bank shares surge 4% as SMBC acquires 20% stake for Rs 13,482 crore
By Aman Shukla Published on May 12, 2025, 09:17 IST
Yes Bank shares jumped 4% in morning trade following a major investment announcement. Japan's Sumitomo Mitsui Banking Corp. (SMBC) will acquire a 20% stake in Yes Bank for ₹13,482 crore, marking the largest-ever cross-border investment in India's banking sector. As of 9:16 AM, the shares were trading 4.15% higher at Rs 20.85.
The acquisition will be made through a secondary share purchase at ₹21.50 per share, valuing Yes Bank at approximately $7.9 billion. SMBC will acquire 13.19% from State Bank of India (SBI) and 6.81% from other existing shareholders.
In an official statement on May 9, 2025, Yes Bank confirmed the deal and highlighted the strategic partnership's potential to boost the bank's growth and international connectivity.
According to sources familiar with the deal, SMBC aims to increase its stake gradually, eventually triggering an open offer. However, under Reserve Bank of India (RBI) norms, its voting rights will be capped at 26%.
Disclaimer: 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.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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