Yes Bank shares jump 2% following CCI’s approval for SMBC stake acquisition

Yes Bank shares jumped 2% to their intraday high of Rs 19.97 on the BSE on Wednesday, September 3, following a regulatory update from the Competition Commission of India (CCI) regarding the stake acquisition deal involving Japan-based Sumitomo Mitsui Banking Corporation (SMBC).

In an official stock exchange communication, Yes Bank informed that the proposed acquisition of a stake by SMBC, through a secondary purchase from the State Bank of India and seven other prominent Indian banks, has received approval from the CCI.

“We refer to our earlier stock exchange disclosure dated May 9, 2025, informing the stock exchanges of the proposed acquisition of stake by Sumitomo Mitsui Banking Corporation (“SMBC”) in the bank through a secondary stake purchase,” the bank said in its filing.


The approval marks a critical milestone in the progression of the transaction.

The stake is being acquired from the following existing shareholders of Yes Bank:

-State Bank of India

- Axis Bank

- Bandhan Bank

- Federal Bank

- HDFC Bank

- ICICI Bank

- IDFC First Bank

- Kotak Mahindra Bank


The transaction was originally announced in a stock exchange filing dated May 9, 2025. At that time, the bank had disclosed SMBC’s intent to acquire a stake through a secondary deal involving multiple institutional shareholders.

While the Competition Commission of India's approval is a significant step forward, Yes Bank has reiterated that the completion of the proposed transaction remains subject to the fulfillment of customary closing conditions as specified in the original agreement.

On Tuesday, Yes Bank shares closed flat at Rs 19.56 on BSE.

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