SBIN

to sell over 13% stake in Yes Bank to Japan’s SMBC for Rs 8,889 crore

has decided to sell over 413 crore equity shares, representing approximately 13.19% of Yes Bank's total shares, to Japan's Sumitomo Mitsui Banking Corporation (SMBC). The deal, valued at Rs 8,889 crore, involves selling the shares at Rs 21.50 each. The sale is contingent upon SMBC securing necessary regulatory approvals.