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Yes Bank Shares Surge After RBI Approves SMBC Stake Hike
Strong Rally in Shares
On August 25, shares of Yes Bank Ltd witnessed a sharp rally. The stock jumped nearly 5% in early trade to reach ₹20.20 per share after news broke that the Reserve Bank of India (RBI) had granted approval to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to increase its stake in the bank.
RBI has allowed SMBC to raise its holding up to 24.99%, with the approval valid for one year. Interestingly, despite this increased stake, SMBC will not be classified as a promoter of Yes Bank.
By 9:30 AM, the stock cooled off slightly, trading at ₹19.75, up 2.44%. Over the past six months, Yes Bank shares have gained 10.9%, rising on five out of the last six trading sessions.
Background of the Stake Purchase
Currently, SMBC holds a 20% stake in Yes Bank, which it acquired in May 2025 through a secondary share purchase.
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13.19% was bought from State Bank of India (SBI).
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6.81% was acquired from seven other Indian banks: Axis Bank, Federal Bank, HDFC Bank, Bandhan Bank, IDFC First Bank, ICICI Bank, and Kotak Mahindra Bank.
On May 9, 2025, Yes Bank announced that it, along with SBI and other key shareholders, had signed a share purchase agreement with SMBC, under which SMBC acquired the 20% stake.
Current Shareholding Structure (as of June 2025)
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Domestic Banks: Hold a total of 33.7% stake in Yes Bank.
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SBI: Largest shareholder with 23.96% stake.
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Foreign Investors:
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CA Basque Investments – 4.22%
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Verventa Holdings – 9.2%
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