SBI to Sell Over 13 Per Cent Stake in YES Bank to SMBC
ECONOMY & POLICY

SBI to Sell Over 13 Per Cent Stake in YES Bank to SMBC

State Bank of India (SBI) has approved the sale of 413,440,489 equity shares of YES Bank Limited, representing 13.19 per cent of the bank's shareholding, to Japan-based Sumitomo Mitsui Banking Corporation (SMBC). Valued at approximately Rs 88.89 billion, the transaction is expected to be completed within twelve months, subject to regulatory and statutory approvals.

This divestment, approved by the Executive Committee of the Central Board on May nine, 2025, will reduce SBI’s stake in YES Bank from 24 per cent to 10.81 per cent. Other Indian financial institutions such as Kotak Mahindra Bank, Axis Bank, ICICI Bank, and Life Insurance Corporation of India hold a combined 11.34 per cent stake. Additionally, private equity firms Advent International and Carlyle Group own 9.2 per cent and 6.84 per cent, respectively.

Following the announcement, YES Bank shares surged 11.74 per cent to an intraday high of Rs 20.36, before closing 9.77 per cent higher at Rs 20. SBI shares ended 1.39 per cent up at Rs 779.40, reflecting a positive market reaction to the deal.

Source: Business Today

State Bank of India (SBI) has approved the sale of 413,440,489 equity shares of YES Bank Limited, representing 13.19 per cent of the bank's shareholding, to Japan-based Sumitomo Mitsui Banking Corporation (SMBC). Valued at approximately Rs 88.89 billion, the transaction is expected to be completed within twelve months, subject to regulatory and statutory approvals.This divestment, approved by the Executive Committee of the Central Board on May nine, 2025, will reduce SBI’s stake in YES Bank from 24 per cent to 10.81 per cent. Other Indian financial institutions such as Kotak Mahindra Bank, Axis Bank, ICICI Bank, and Life Insurance Corporation of India hold a combined 11.34 per cent stake. Additionally, private equity firms Advent International and Carlyle Group own 9.2 per cent and 6.84 per cent, respectively.Following the announcement, YES Bank shares surged 11.74 per cent to an intraday high of Rs 20.36, before closing 9.77 per cent higher at Rs 20. SBI shares ended 1.39 per cent up at Rs 779.40, reflecting a positive market reaction to the deal.Source: Business Today

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement