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YES Bank announced on Tuesday that the proposed acquisition of a stake in the bank by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received approval from the Competition Commission of India (CCI).
This development marks a significant step forward in a major secondary stake sale transaction involving some of India’s largest banking institutions.
The transaction involves SMBC acquiring a stake in YES Bank from a consortium of eight existing shareholders.
The selling shareholders are led by the State Bank of India and also include Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, ICICI Bank Limited, IDFC First Bank Limited & Kotak Mahindra Bank Limited.
YES Bank had previously informed the stock exchanges about this proposed deal on 9 May 2025.
While the CCI’s approval is a critical milestone, the finalisation of the transaction remains contingent upon the fulfilment of other customary conditions precedent as outlined in the transaction agreements.
This disclosure was filed with the National Stock Exchange of India Limited (NSE Symbol: YESBANK) and the BSE Limited (BSE Scrip Code: 532648).
The information was made public pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure to the stock exchanges was signed by Sanjay Abhyankar, Company Secretary for YES BANK LIMITED. This communication was made under Regulation 30 and other applicable provisions of the SEBI Listing Regulations.
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