Archive · 3 Sep 2025
Yes Bank Shares Surge Following SMBC Stake Acquisition Approval
The Competition Commission of India (CCI) gave the okay for SMBC to buy a portion of Yes Bank.
This caused Yes Bank's stock price to go up.
SMBC is buying shares from other banks.
SMBC can increase its stake up to 24.99%.
SMBC will purchase shares through a secondary stake purchase.
Also, Rama Subramaniam Gandhi was re-appointed as chairman.
The stock had already been performing well in the recent past.
CCI approved SMBC's acquisition of a stake in Yes Bank.
Yes Bank’s share price rose 3% to 3.5% intraday.
SMBC is buying shares from SBI, Axis Bank, and other banks.
SMBC signed a deal to acquire a 20% stake in Yes Bank for $1.6 billion.
Rama Subramaniam Gandhi re-appointed as Part-time Chairman.
- Who
- Sumitomo Mitsui Banking Corporation (SMBC) and Yes Bank
- What
- CCI approved SMBC’s acquisition of a stake in Yes Bank
- When
- Recently
- Where
- India
- Why
- To allow SMBC to become a major shareholder in Yes Bank.
- Acquisition Approved
- CCI approved SMBC’s stake purchase
- Acquirer
- Sumitomo Mitsui Banking Corporation (SMBC)
- Seller
- SBI, Axis Bank, and other banks
- Stake Percentage
- 20% (approved); up to 24.99% (permitted)
- Share Price Movement
- Increased 3% to 3.5% intraday
- Transaction Value
- $1.6 billion
- RBI Approval
- Approved re-appointment of Rama Subramaniam Gandhi
Sources
YES Bank shares reacts as lender makes key appointment; details here
RBI approves re-appointment of Rama Gandhi as Yes Bank part-time Chairman - Industry News
CCI approves Japan's SMBC stake acquisition in Yes Bank
Rama Subramaniam Gandhi Reappointed As Yes Bank Chairman
Yes Bank share price in focus after CCI approves SMBC’s proposal to acquire up to 24.99% stake
YES Bank shares rise 3.22% on CCI approval for SMBC deal
YES Bank shares rise 4% as CCI nods SMBC acquisition; check details, price targets & more
Stocks making the biggest moves midday: Tata Steel, Yes Bank, Tbo Tek and more