Yes Bank Limited — Important, 09-05-2025: Agreements

YES Bank has announced a board meeting on approving Sumitomo Mitsui Banking Corporation (SMBC) acquiring a 20% stake via secondary purchase—13.19% from State Bank of India (SBI) and 6.81% from seven investor banks including HDFC, ICICI, Axis, and Kotak Mahindra. SBI retains over 10%. SMBC gets rights to nominate two non-executive directors and pre-emptive rights to maintain its stake. This major foreign investment boosts YES Bank’s growth and value creation prospects.