The Exchange has received the disclosure under Regulation 29(1) 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 0.5 pts more than Nifty Midcap 150 and 0.6 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), a major Japanese bank, has acquired 6,271,235,194 equity shares (20% of total share/voting capital, 19.75% on a diluted basis) of Yes Bank Ltd through an off-market sale on September 17, 2025. Before this acquisition, SMBC held NIL shares in the bank, meaning this is a fresh entry that takes its holding straight to the 20% mark. SMBC is not part of the promoter/promoter group of Yes Bank, classifying it as a significant foreign institutional shareholder. The acquisition was disclosed under SEBI's Takeover Regulations, 2011, on September 18, 2025.
This is a major confidence-boosting move for Yes Bank, as SMBC — one of Japan's largest banks — is now a substantial shareholder. Foreign institutional holding crossing the 10% threshold is positive for stock perception, though SMBC remains below the 25% open offer trigger limit, so no mandatory tender offer is required from this disclosure.