Yes Bank Share: Exclusive news from Moneycontrol on SMBC buying 51% stake in Yes Bank

News Topical, Digital Desk : According to information received by Moneycontrol from sources, Japan's big financial company Sumitomo Mitsui Banking Corporation (SMBC) will meet Reserve Bank of India (RBI) officials this week to file a formal application to acquire 51% stake in Yes Bank. According to sources, this formal application can be filed in a day or two.

Important points related to the deal. Sumitomo Mitsui Banking Corporation (SMBC) is preparing to buy 51% (controlling stake). SMBC can do the deal in three phases. The first phase is to buy 13% stake from SBI (SBI's total stake is 24%). The next target is to get 20% stake by September 2025. Voting rights SMBC has agreed that voting rights will be limited to 26%.

What will happen next -

This process may take 90 days from RBI. SMBC can get all regulatory approvals by August-September 2025. SMBC can have control by the beginning of FY26. SMBC will invest primary capital in Yes Bank. This can take its stake to 26% in the first phase. After this, an open offer will be brought, in which existing investors like Advent International (9.2%) and Carlyle (6.84%) can participate. SBI can also sell its remaining 10% stake in this offer. LIC's stake is 3.98%. It can also sell its stake.  After this open offer, SMBC's total stake can reach 51%. SMBC's purchase of Yes Bank can be one of the biggest and most important foreign controlled deals in India's banking sector till date. This will be a new chapter not only for Yes Bank but also for India-Japan financial relations.
 

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