24 Sep 2025 | 3 Mins Read
Yes Bank shares jump after SMBC acquires larger stake
Flipitmoney
Sumitomo Mitsui Banking Corporation (SMBC) acquired a 4.22% additional stake in Yes Bank for Rs 8,888.97 crore, increasing its stake to 24.22% and becoming the largest private sector shareholder, overtaking State Bank of India (SBI). SBI's stake decreased to over 10% after divesting 13.18% of its share.