State Bank of India — Important, 09-05-2025: General Updates

The company has announced a board meeting and approved selling a 13.19% stake in Yes Bank, offloading about 413.44 crore shares to Sumitomo Mitsui Banking Corporation at Rs. 21.50 per share. The deal values the stake at approximately Rs. 8889 crore, subject to approvals. This substantial divestment is expected to free up capital, enhancing liquidity and providing funds for strategic investments or debt reduction.