Yes Bank Acquisition Rumors Spark Market Buzz
Reports of Japan’s Sumitomo Mitsui Banking Corp (SMBC) receiving RBI approval to acquire a 51% stake in Yes Bank, valuing it at $1.7 billion, drove a 9% share surge on May 6, 2025.
Banking sources later clarified to CNBC-TV18 that no such application exists with RBI, deeming the reports incorrect.
Yes Bank, with 62 lakh retail shareholders holding 22.55%, noted the talks as preliminary, not warranting disclosure.
SBI (24%), HDFC Bank, ICICI Bank, and others hold stakes post-2020 rescue.
Shares later traded 3.2% higher at ₹18.29. The potential deal could involve a share swap or open offer, but regulatory hurdles remain unclear.
Read More at CNBCTV18
