SBI completes divestment of 13.18% stake in Yes Bank to Japan's SMBC for ₹8,889 crore

The transaction involved the sale of 413.44 crore equity shares of Yes Bank at Rs 21.50 per share. SBI said the sale was executed after SMBC secured the necessary approvals from the Reserve Bank of India (RBI) on August 22, 2025, and from the Competition Commission of India on September 2, 2025.The deal follows the approval granted by SBI’s Executive Committee of the Central Board in May 2025. The agreement also included customary conditions precedent, which have now been met, allowing the transfer of shar ...