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 awaited.
YESBANK · price
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Awaiting price reaction for this filing.
NSE has asked Yes Bank to clarify a news report that the bank's shares jumped 9% on talks between Japan's Sumitomo Mitsui Banking Corporation (SMBC) and SBI for a potential stake acquisition in Yes Bank. The company's response is still awaited, so the reported acquisition talks remain unconfirmed. SBI currently holds a significant stake in Yes Bank since the 2020 rescue, and any stake sale to a global player like SMBC would be a major development. Until Yes Bank officially responds, details of the deal — size, valuation, and timing — are not clear.
No confirmed deal yet — investors should wait for the company's official clarification before reacting. The 9% stock rally shows the market is highly sensitive to any news of a strategic foreign investor entering Yes Bank.