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# SMBC Sells Entire 1.65% Stake in Kotak Mahindra Bank Ahead of Yes Bank Investment
- URL: https://www.theglobalbanker.com/smbc-sells-1-65-percent-stake-kotak-mahindra-bank-portfolio-rebalancing/
- Published: 2025-09-10T13:27:00.000Z
- Updated: 2026-10-02T14:34:12.000Z
- Description: Sumitomo Mitsui Banking Corporation disposed of its entire 1.65% equity stake in Kotak Mahindra Bank on 10 September 2025, ahead of completing its Yes Bank stake purchase.
- Author: TGB Editorial Team
- Tags: M&A, Asia-Pacific, #archive

Sumitomo Mitsui Banking Corporation has sold its entire 1.65% equity stake in Kotak Mahindra Bank in a disposal made ahead of the completion of its acquisition of a stake in Yes Bank. The transaction was executed through block deals worth about Rs 6,256 crore on 10 September 2025.

Kotak Mahindra Bank was founded by Uday Kotak. 

#### SMBC'S YES BANK INVESTMENT

Yes Bank was restructured following the Reserve Bank of India's intervention in March 2020, when the regulator suspended the bank's management and co-ordinated a capital injection led by State Bank of India and a consortium of domestic financial institutions.