Federal Bank sells Yes Bank shares to Sumitomo Mitsui Banking Corporation

Federal Bank has sold 166,273,472 equity shares of Yes Bank Limited to Sumitomo Mitsui Banking Corporation (SMBC) at a consideration of Rs 21.50 per share. The shares, which have a face value of Rs 2.00 each, were transferred on September 17, 2025, following the receipt of requisite regulatory approvals and satisfaction of conditions precedent.

This transaction follows an earlier intimation dated May 9, 2025, and an executed letter agreement between Federal Bank, Sumitomo Mitsui Banking Corporation, and Yes Bank Limited. The intimation fulfills obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The bank confirmed that details of this intimation are available on its website. Samir P Rajdev, company secretary, signed the announcement on behalf of Federal Bank Limited.