New Delhi, May 9 -- The State bank of India on Friday announced the divestment of 13.19 per cent of its stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC).

The decision taken involves divesting 413,44,04,897 equity shares of Yes Bank at a price of Rs 21.50 per share, to Japanese multinational financial services company, Sumitomo Mitsui Banking Corporation (SMBC).

SMBC will buy the shares at a price of Rs 21.50 per share, the total consideration amount comes to nearly Rs.8888.97 crores.

This decision was approved by the Executive Committee of the Central Board (ECCB) of SBI in a meeting held on Friday, May 9, 2025.

The deal needs to be closed within 12 months from the date of the agreement which is May 9, 202...