SBIN: State Bank Of India has informed the Exchange about Divestment of 13.19% stake in Yes Bank Limited

Listed-company acquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+2.6%Reaction day

₹780.50

prior close

₹799.00

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+3.9%-1.2% vs market

Public Sector Bank peers, median of 11sector+3.9%-1.3% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty 100 and 1.3 pts less than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

SBI's Executive Committee has approved selling its entire 13.19% stake (approximately 413.44 crore equity shares) in Yes Bank Limited to Japan's Sumitomo Mitsui Banking Corporation (SMBC) at Rs. 21.50 per share. The total deal value works out to about Rs. 8,888.97 crores. The transaction is subject to regulatory and statutory approvals and is expected to be completed within 12 months. Yes Bank, an associate of SBI, had contributed Rs. 512.12 crores in revenue and Rs. 2,571.87 crores to SBI's net worth (revenue & surplus) during the last financial year. SMBC does not belong to SBI's promoter or group companies, and the deal is not a related-party transaction.

Likely market impact

SBI is exiting its investment in Yes Bank entirely, unlocking nearly Rs. 8,889 crores in cash that will strengthen its capital base. The sale price of Rs. 21.50 per share represents a premium over recent market levels, which should be viewed positively by shareholders. The deal also marks the entry of a major Japanese bank into Yes Bank's ownership, which could be seen as a sign of confidence in the bank's post-restructuring stability.