17 Sep 2025 | 5 Mins Read
Bandhan, Federal and SMBC sell Yes Bank stake for Rs 688 crore
Flipitmoney
Bandhan Bank and Federal Bank sold nearly 32 crore shares of Yes Bank to Sumitomo Mitsui Banking Corporation at Rs 21.50 apiece, worth Rs 688 crore. The sale reduced Bandhan Bank's stake from 0.70 percent to 0.21 percent. SMBC earlier bought 13.18 percent of Yes Bank's stake from SBI, and will become the single-largest shareholder with over 33 percent stake.