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SBI divests 13.19% stake in Yes Bank to Japan's SMBC for Rs 8,889 crore
The Economic Times·2025-09-17 17:58

The shares were sold to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) at Rs 21.50 apiece, following regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.Reacting to the development, Yes Bank shares slipped 0.7% to a day’s low of Rs 20.87 around 2:45 pm.SBI's Executive Committee of the Central Board (ECCB) in the meeting held on May 9, had accorded approval to the state-lender to divest over 413 crore equity shares of Yes Bank Limited (YBL) to SMBC.SBI recei ...