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As on (22 May 2025 | 14:01)

Back To Homepage As on (22 May 2025 | 14:01)

State Bank of India to divest 13.19% stake held in Yes Bank	Back
(09 May 2025)
State Bank of India announced that the Executive Committee of the Central Board (ECCB) of the Bank in the meeting held on 9 May 2025 has accorded approval to divest 413,44,04,897 equity shares of Yes Bank (YBL), being equivalent to 13.19% (approx.) of Yes Bank shares to Sumitomo Mitsui Banking Corporation (SMBC), at Rs.21.50 per equity share, for a consideration of Rs.8888,97,05,285 and paisa 50 only (Rs.8888.97 crores approx.), subject to receipt of all regulatory and statutory approvals by the acquirer.
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