Bandhan Bank reduces stake in YES Bank to 0.21% from 0.70%
Shares of Bandhan Bank have surged over by 1.01% as the company has announced that it has reduced the shareholding in YES Bank Ltd (Sumitomo Mitsui Banking Corporation) to 0.21%.
Shares of Bandhan Bank have surged over by 1.01% as the company has announced that it has reduced the shareholding in YES Bank Ltd (Sumitomo Mitsui Banking Corporation) to 0.21%.
Bandhan Bank Limited has sold 153,934,975 equity shares of YES Bank Limited, at a rate of Rs. 21.50 (twenty-one rupees and fifty paise only) per equity share, to SUMITOMO MITSUI BANKING CORPORATION on September 17, 2025, resulting in a reduction in the bank’s shareholding in YES Bank Limited from 0.70% to 0.21%, according to the exchange filing.
Further, State Bank of India (SBI) has completed the sale of a 13.18% stake in Yes Bank Limited to Sumitomo Mitsui Banking Corporation (SMBC) of Japan in a deal amounting to Rs 8,889 crore.
The deal includes the transfer of 4.13 billion equity shares of Yes Bank at Rs 21.50 per share. This was followed by regulatory clearance from the Reserve Bank of India on August 22 and from the Competition Commission of India (CCI) on September 2, the largest public sector bank stated.
Shares of the Bandhan Bank closed at Rs 1.01% at Rs 164.32, and the stock has been corrected by over 18.87% in the last six months.
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