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4 days ago

Duration: 0h 2m 34s

SBI sells 13.18% Yes Bank pie for Rs 8,889 cr

Name: SBI sells 13.18% Yes Bank pie for Rs 8,889 cr
Uploaded: Wed, 17 Sep 2025 23:48:08 +0530
Channel: Rediff Video Desk

The country's largest lender State Bank of India on Wednesday announced the completion of the divestment of about 13.18 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corporation of Japan for Rs 8,888.97 crore. State Bank of India (SBI) has received Rs 8,888.97 crore from the acquirer Sumitomo Mitsui Banking Corporation (SMBC), a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG), the bank said in a regulatory filing.

Uploaded by: Rediff Video Desk on Wed, 17 Sep 2025 23:48:08 +0530

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Tags: SBI sells 13.18% Yes Bank pie for Rs 8,889 cr