YES BANK: SMBC acquisition receives regulatory approval

YES BANK announced on September 2, 2025, that the Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) proposed acquisition of a stake in the bank. This approval is a significant step forward for the transaction, which was initially intimated to stock exchanges on May 09, 2025.

The acquisition involves SMBC purchasing a secondary stake from the State Bank of India and seven other shareholders, including Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, ICICI Bank Limited, IDFC First Bank Limited, and Kotak Mahindra Bank Limited. The consummation of this transaction remains subject to customary conditions precedent.

This disclosure was made under Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is available on the Bank's website, www.yesbank.in, as well as on the websites of BSE Limited and National Stock Exchange of India Limited.