The Federal Bank Limited has informed the Exchange regarding 'Sale of 16,62,73,472 shares of Yes Bank Limited held by Federal Bank, in favour of Sumitomo Mitsui Banking Corporation'.
FEDERALBNK · price
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Federal Bank has executed a Letter Agreement to sell its entire holding of 16,62,73,472 equity shares (face value Rs. 2 each) in Yes Bank Limited to Japan's Sumitomo Mitsui Banking Corporation (SMBC) at Rs. 21.50 per share, totalling approximately Rs. 357.49 crore. The transaction is subject to regulatory approvals and terms outlined in the Letter Agreement. Federal Bank's Board approved the deal on May 9, 2025. This marks a complete exit of Federal Bank from its Yes Bank investment.
Federal Bank monetises its Yes Bank investment at ~Rs. 357.5 crore, unlocking capital that could strengthen its own balance sheet or fund growth. For Yes Bank, entry of SMBC as a significant shareholder could bring strategic value, though the share sale price is a modest premium over market.