The Exchange has sought clarification from Yes Bank Limited with respect to recent news item captioned YES Bank shares soar 9% amid Japan's SMBC's talks with SBI for stake acquisition. The response from the Company is attached.
YESBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Yes Bank responded to NSE's query about a Moneycontrol article reporting that Japan's Sumitomo Mitsui Banking Corporation (SMBC) was in talks with SBI to acquire a stake in the bank, which drove shares up 9%. The bank confirmed it routinely explores opportunities with various stakeholders to enhance shareholder value, but described such discussions as 'preliminary' and said they do not yet require disclosure under SEBI's Listing Regulations. Yes Bank stated that the news article is 'speculative and not factually correct,' denied any undisclosed material information, and said there is no impact of the article on the bank.
The bank's response is a mixed signal — it neither fully confirms nor outright denies active stake-sale discussions, which may leave uncertainty in the stock. Investors should note the 9% rally was based on speculative reporting, and any actual deal would need further official confirmation.