The stock price of Yes Bank Ltd surged 9.64% in the opening hour of today’s trading session. This comes on the back of the potential acquisition of controlling stakes in the bank by a Japanese multinational banking and financial services institution, Sumitomo Mitsui Banking Corporation (SMBC).
The share price of Yes Bank closed at ₹17.73 on April 5, 2025. In the opening session on April 6, the share surged as much as 9.64% to ₹19.44 a piece, marking a day high.
Is Yes Bank being sold?
Sumitomo Mitsui Banking Corporation has received Reserve Bank of India (RBI) approval to acquire 51% stakes in Yes Bank, as per media reports. The reports suggest that the acquisition could take one of the following two routes: a) SMBS may acquire less than 26% shares in Yes Bank as a part of a merger via a share swap, b) it could buy up to 26% shares and launch an open offer. However, the voting rights will be capped at 26% for SMBS.
The offer is expected to be a mix of primary and secondary capital infusion. It may also open ways for the State Bank of India (SBI) to a secondary exit via a sale of up to 20% shares to SMBC. As of March 2025, SBI is the largest shareholder in Yes Bank and holds a 23.97% stake.
Other major shareholders such as Advent International and Carlyle, Axis Bank, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank, are also expected to exit via participating in the open offer.
If the deal happens, it would be India’s largest merger or acquisition deal in the banking sector.
Following media reports of the deal, Yes Bank issued an official clarification in response to a query from the National Stock Exchange of India (NSE). The bank stated that the discussions are preliminary, speculative, and not factually correct.
Yes Bank share price, which surged around 10% in the opening session, is trading at ₹18.05 a piece, as of May 6, 2:10 PM.
Who owns Yes Bank?
As of March 2025 or FY25, the State Bank of India is the largest shareholder of Yes Bank with a 23.97% stake. Verventa Holdings Limited owns 9.2% shares, followed by Ca Basque Investments (6.84%), LIC (3.98%), HDFC Bank (2.75%), and ICICI Bank (2.39%) shares in the bank.
| Major Shareholders of Yes Bank Ltd | Shareholding (%) |
| State Bank Of India | 23.97 |
| Verventa Holdings Limited | 9.2 |
| Ca Basque Investments | 6.84 |
| LIC | 3.98 |
| HDFC Bank | 2.75 |
| ICICI Bank | 2.39 |
| Kotak Mahindra Bank | 1.21 |
| Axis Bank | 1.01 |
Source: Screener.in
For context, SBI led a mega bailout of Yes Bank in March 2020. It led a rescue plan worth ₹7,250 crore in Yes Bank, along with the participation of other banks such as ICICI Bank, Axis Bank, HDFC, and Kotak Mahindra.
Financial performance of Yes Bank
For the quarter ended March 2025, Yes Bank recorded a strong profit growth. It reported a 59.3% YoY rise in profits to ₹745 crore in Q4 FY25 as compared to ₹467 crore generated in the same quarter of the previous fiscal year. Total revenue of the bank, however, grew only 3.7% to ₹9,438 crore during the same period.
On a yearly basis, Yes Bank reported ₹37,075.62 crore revenue and ₹2,446.49 crore net profit in FY25. For more details, visit here.
| Financials | Q4 FY25 (₹ Cr) | Q4 FY24 (₹ Cr) | YoY Change |
| Revenue | 9,438 | 9,100 | 3.7% |
| Expense | 8,114 | 8,184 | -0.9% |
| Profit/Loss | 745 | 467 | 59.3% |
Source: Company filings
Summary
The stock price of Yes Bank surged nearly 10% on May 6, 2025, following the report of its potential acquisition by Japan’s Sumitomo Mitsui Banking Corporation (SMBC). The potential deal is expected to be a share swap or an open offer, with SBI and other major shareholders may partially or fully exit. However, Yes Bank has officially clarified that these discussions are still preliminary and speculative, with no material impact at this stage.
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