India's competition regulator approved SMBC's acquisition of a 20% stake in Yes Bank on September 2, 2025. This transaction, valued at $1.6 billion, represents the largest cross-border merger and acquisition deal in India's financial sector.
As part of this deal, SMBC agreed to purchase an aggregate 6.81% stake from several banks, including HDFC Bank. This indicates a partial divestiture of HDFC Bank's holdings in Yes Bank.
The sale allows HDFC Bank to adjust its investment portfolio. This move is part of a broader industry-wide transaction to facilitate SMBC's strategic investment in Yes Bank.
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