Yes Bank Limited has informed the Exchange about Rumour Verification - Regulation 30(11)
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Yes Bank has issued a clarification in response to a media article dated June 2, 2025, which reported that Japan's Sumitomo Mitsui Banking Corporation (SMBC) plans to seek RBI approval for a wholly owned subsidiary licence as part of a strategy to acquire a controlling stake in Yes Bank. The Bank stated that it is not privy to any such discussions and that references to the Bank having 'road map' discussions with the RBI are factually incorrect. The Bank added it will make appropriate disclosures under Listing Regulations when required. The clarification was filed under Regulation 30(11) following the rumour verification process.
While Yes Bank has denied awareness of the acquisition talks, the underlying news of SMBC's interest in a controlling stake has been a recurring theme and could keep the stock volatile. Investors should watch for any future official disclosure from the Bank or its investors, as a confirmed deal would be material to the stock price, while ongoing denials may limit upside.