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# SMBC Completes 20% Stake in Yes Bank and Agrees to Buy Additional 4.2% from Carlyle Affiliate in India
- URL: https://www.theglobalbanker.com/smbc-completes-20-percent-yes-bank-stake-buys-4-2-percent-carlyle-affiliate-india-2025/
- Published: 2025-09-18T14:24:00.000Z
- Updated: 2026-10-02T14:34:04.000Z
- Description: SMBC completed its 20% acquisition of Yes Bank on 17 September 2025 and agreed to buy a further 4.2% from Carlyle affiliate CA Basque Investments for roughly Rs 28.5 billion.
- Author: TGB Editorial Team
- Tags: M&A, Asia-Pacific, #archive

Sumitomo Mitsui Banking Corporation completed its initial 20% acquisition of India's Yes Bank on 17 September 2025\. In the same announcement, SMBC agreed to purchase an additional 4.2% stake from CA Basque Investments, a Carlyle-affiliated entity, in a transaction valued at approximately Rs 28.5 billion, equivalent to roughly $323 million. 

The secondary transaction was struck at a per-share price consistent with the valuation established by the initial 20% acquisition. Once the additional purchase from CA Basque Investments closes and the requisite regulatory approvals are obtained, SMBC's aggregate holding in Yes Bank will reach 24.2%.

#### REGULATORY CONTEXT

Reserve Bank of India regulations impose requirements on shareholders seeking to cross specific ownership thresholds, including fit-and-proper assessments and voting rights caps.