Yes Bank Shares: Yes Bank’s shares surged over 8% today, reaching a three-month high on May 9. According to the Economic Times, a meeting is expected today between Yes Bank’s board and State Bank of India (SBI).
SBI may consider selling its stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC). SMBC has shown interest in acquiring a stake in Yes Bank since 2024, and now discussions suggest it may seek a controlling stake.
Yes Bank’s stock opened at Rs 17.76 on the BSE on Friday. It gained over 8%, reaching Rs 19.73, and was trading at Rs 19.44 at 1:33 pm. Over the past month, Yes Bank shares have increased by 14%.
SBI’s 23.97% Stake
SBI currently holds a 23.97% stake in Yes Bank. The report suggests SBI could sell 20% of its stake to SMBC, with an open offer potentially being made by the Japanese company, according to Moneycontrol.
Other Stakeholders in Yes Bank
In addition to SBI, other major banks holding shares in Yes Bank include Axis Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank, with a combined stake of 7.36%.
Private equity firms Advent International and Carlyle hold 9.2% and 6.84%, respectively. Life Insurance Corporation of India (LIC) owns 3.98% of Yes Bank.
Other banks holding Yes Bank shares include Axis Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank, collectively holding a 7.36 percent stake.
Advent International holds 9.2 percent, Carlyle has 6.84 percent, and Life Insurance Corporation of India owns 3.98 percent of Yes Bank shares.
