The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumitomo Mitsui Banking Corporation
YESBANK · price
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On the reaction day the stock moved 1.0 pts more than Nifty Midcap 150 and 0.7 pts more than its Private 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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Sumitomo Mitsui Banking Corporation (SMBC) acquired 132.39 crore equity shares of Yes Bank, representing 4.22% of total share capital and 4.17% of diluted capital, through an off-market transaction on September 22, 2025. This increased SMBC's holding from 20% (62.71 crore shares) to 24.22% (75.95 crore shares), or 23.92% on a fully diluted basis. The acquisition takes SMBC, one of Yes Bank's largest shareholders, very close to the 25% regulatory threshold that would trigger a mandatory open offer under SEBI takeover rules. The acquirer has marked itself as not belonging to the promoter/promoter group for the purpose of this disclosure.
This significant stake increase signals strong long-term confidence by SMBC in Yes Bank's growth trajectory and is likely to be viewed positively by the market. However, SMBC is now within striking distance of the 25% trigger limit, meaning any additional acquisition could necessitate an open offer for minority shareholders.