Yes Bank’s share price rose 3.5% to an intra-day high of Rs 20.25 on the National Stock Exchange. The surge in the stock price came after the Competition Commission of India (CCI) approved the acquisition of a stake by Sumitomo Mitsui Banking Corporation (SMBC) in Yes Bank.
SMBC will purchase shares through a secondary stake purchase from the State Bank of India and 7 other shareholders of the private lender.
Other shareholders selling stake in Yes Bank
The other shareholders of Yes Bank are Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank. SBI had a 24% stake in Yes Bank, and other investor banks cumulatively had a 9.7% equity stake in the bank. Apart from the 33.7% stake held by banks, FIIs also hold a significant 13% stake in the private bank. FPIs or foreign portfolio investors hold over 11%, and insurance companies have a 4% stake.
“Further to the above, we wish to inform that SMBC has intimated the Bank that the Proposed Transaction has been approved by the Competition Commission of India (CCI),” read an exchange filing.
In May 2025, SMBC signed a deal to acquire a 20% stake in Yes Bank for a value of $1.6 billion, marking India’s financial sector’s largest cross-border merger and acquisition deal.
Re-appointment of Chairman
At the same day,Yes Bank announced that it has received approval from the Reserve Bank of India (RBI) to re-appointment Rama Subramaniam Gandhi as its Part-time Chairman. This allows Gandhi to serve in the role from September 20, 2025, to May 13, 2027, with remuneration as approved by the RBI.
Yes Bank confirmed that Gandhi is not debarred from holding the office of a director by the Securities and Exchange Board of India (SEBI) or any other authority. He is also not related to any other directors or key managerial personnel of the bank.
Yes Bank stock performance
The share price of Yes Bank has risen 8% in the last five trading sessions. The private lender’s stock has delivered a 7.7% return in the past one month and 25% in the last six months. However, Yes Bank’s share price has fallen 14% in the past one year.