Mumbai, May 6 -- According to media reports, SMBC is considering two possible approaches: acquiring less than 26% in Yes Bank and pursuing a merger through a share swap, or purchasing up to 26% followed by an open offer. Regardless of the route, SMBC's voting rights in Yes Bank will be capped at 26%, in line with regulatory requirements.

As per the shareholding pattern for the March 2024 quarter, State Bank of India (SBI) held a 23.97% stake in Yes Bank. Other key institutional shareholders included HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis Bank (1.01%), and LIC (3.98%).

Yes Bank was restructured in 2020 with support from a consortium of Indian banks led by SBI, after the RBI superseded the bank's board am...