Yes Bank Fired Rocket Of 10% on SMBC Acquisition News

Yes Bank’s shares increasing by 10% in a single day, hitting around ₹19.44 on May 6, 2025. A major global bank eyeing one of India’s top private lenders. The deal could involve State Bank of India offloading part of its 23.97% stake, with other investors like Axis Bank and Carlyle possibly joining in. An open offer might follow, letting SMBC snap up more shares from the public. While the Reserve Bank of India has reportedly given a thumbs-up, SMBC’s voting rights may be capped at 26%. This could be one of India’s biggest banking deals, boosting Yes Bank’s growth with SMBC’s expertise and capital. But hold on some reports hint the news might not be fully confirmed. Investors, keep your eyes peeled and consult experts before diving into this volatile stock.