With this acquisition, SMBC’s stake in Yes Bank has increased from 20% to 24.22%, overtaking SMBC acquired 132.39 crore shares via an off-market transaction on September 22, as confirmed by Yes Bank in a regulatory filing. The acquisition raised SMBC’s total holding in the bank to 759.51 crore shares.SBI, which previously held a 24% stake in Yes Bank, has now reduced its stake to a little over 10%. The divestment of approximately 13.18% was completed last week, marking SBI’s partial exit from the bank it h ...