Yes Bank stock gains nearly 1% as two stakeholders pare holdings; all you need to know

Bandhan Bank sold 15.39 lakh shares of Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) at ₹21.50 per share. This reduced Bandhan Bank’s stake in YES Bank from 0.70% to 0.21%.

Further, The Federal Bank also “sold 166,273,472 equity shares of face value of ₹2.00 each of the Company held by the Bank, in favour of SMBC, at a consideration of ₹21.50 per share,” the lender said in a regulatory filing.

On Wednesday, State Bank of India (SBI) completed its divestment of a 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC).

The transaction involved the sale of 413.44 crore equity shares of Yes Bank at ₹21.50 per share. SBI stated that the sale was executed after SMBC obtained the necessary approvals from the Reserve Bank of India (RBI) and from the Competition Commission of India (CCI).

Japan’s largest bank struck a ₹13,483-crore ($1.6 billion) deal to acquire a 20% stake in Yes Bank, marking its entry into the Indian banking sector.

SMBC is a wholly owned subsidiary of Sumitomo Mitsui Financial Group, Inc. (SMFG). It is among the leading foreign banks in India, and SMFG's wholly owned subsidiary, SMFG India Credit Company, is among the largest diversified NBFCs in India.

At 10:15 AM, shares of Yes Bank were trading at ₹21.20 per share on the National Stock Exchange, rising 0.24%.

Over a month’s time, the stock has gained 10.6%, while for six months, it has climbed 28%. Since the beginning of the year, the stock has jumped 7.5%. The private lender’s market capitalisation stands at ₹66,318 crore.

Shares of the bank had touched their one-year high of ₹23.97 apiece on September 16, 2024, while their 52-week low of ₹16.02 was hit on March 12, 2025.