It is important that RBI has clarified that SMBC will not be classified as a promoter of YES Bank after this takeover.
The bank unveiled the development in a regulation application and noted that the approval is valid for a year from 22 August 2025. The proposed acquisition comes from the SMBC plan to increase its interest in YES Bank to 20% via a secondary ringanuchen.
This includes an interest of 13.19% of State Bank of India and an extra importance of 6.81% of seven other existing shareholders of YES Bank, namely Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, Icici Bank, IDFC First Bank and Kotak Mahindra Bank.
“We refer to our earlier stock Exchange Disclosure Dated May 09, 2025, Informing the Stock Exchanges of the Propose acquisition by Sumitomo Mitsui Banking Corporation (“ SMBC ”) or 20.00% Shareholding in the Bank Thrake and STAGE AND STAGE AND STAGE AND STAGEMY AND STAKEGHAGHASE OF STAGEGHAGHASHASHASHAY or STAGEPAY or 13.1 aggregate or 6.81% Stake from 7 Other Shareholders of the Bank, IE, Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, Icici Bank Limited, IDFC First Bank Limited and Kotak Mahindra “, said de Bank Limited.
Any Subsequent Transactions Will also Remain Subject to Regulatory Conditions and RBIs Decision.The Bank Further Noted That Consumature of the Transaction is Contingent Upon Receiving Clearance from the Competition Commission of India Precedent Customary and Fulfilling Customsing Earlier in May 2025.on Friday, The Shares of Yes Bank Closed 0.8% Lower at RS 19.28 On The BSE.Also read: Nifty ready for opening on Monday after the speech of Jackson Hole. What traders need to know
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