Yes Bank Clarifies on SMBC Takeover Speculation; Stock Slides 8.25% on June 3
By Ankur Chandra | Published at: Jun 3, 2025 11:03 AM IST
Mumbai | June 3, 2025 – Shares of Yes Bank Ltd (NSE: YESBANK) plunged 8.25% to ₹21.36 in early Tuesday trade following media reports speculating that Sumitomo Mitsui Banking Corporation (SMBC) was planning to acquire a controlling stake in the private sector lender. The bank has now issued an official clarification, denying any such discussions.
Stock Performance Snapshot
| Metric | Value |
|---|---|
| Previous Close | ₹23.28 |
| Open | ₹22.93 |
| Day’s Low / High | ₹21.32 / ₹22.93 |
| Last Traded Price | ₹21.36 |
| % Change | -8.25% |
| Traded Volume | 7,610.78 lakh |
| Traded Value | ₹1,653.06 crore |
| 52-Week High / Low | ₹27.44 / ₹16.02 |
| Market Cap | ₹66,986.75 crore |
| Free Float Market Cap | ₹40,471.59 crore |
| PE Ratio | 29.84 |
Company Clarification on SMBC Report
In response to the news report published on June 2, 2025, titled “SMBC to seek RBI Yes for licence to operate wholly owned arm – Move Seen As Part of A Plan To Acquire Controlling Stake in Yes Bank”, Yes Bank has categorically denied the claims.
“The Bank is not privy to discussions in relation to matters stated in the article,” stated Company Secretary Sanjay Abhyankar.
“Further, references to the Bank having ‘road map’ discussions with the RBI are factually incorrect.”
– Yes Bank in filing under Regulation 30(11)
The bank affirmed that it will continue to make disclosures in line with SEBI Listing Regulations as and when required.
Financial Highlights (Standalone, ₹ in lakh)
| Quarter Ended | Total Income | Net Profit | EPS |
|---|---|---|---|
| Mar 2025 | 9,43,785 | 74,458 | 0.24 |
| Dec 2024 | 9,34,115 | 61,227 | 0.20 |
| Sep 2024 | 9,13,709 | 55,304 | 0.18 |
| Jun 2024 | 8,91,814 | 50,243 | 0.16 |
Shareholding Pattern (as of Mar 31, 2025)
- Promoters: 0%
- Public Shareholding: 100%
Yes Bank remains fully publicly held, with no promoter entity on record.
Outlook
While Yes Bank’s financials indicate a consistent upward trend in quarterly profits, speculative reports have triggered volatility in its stock price. The bank’s clarification is aimed at restoring investor confidence amid ongoing market chatter.
Investors are advised to track further disclosures and await RBI’s official stance before forming positions based on unconfirmed media reports.
REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/b4188a80-abc1-4a08-9268-ab65e73d21de.pdf
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