Outcome of board meeting of Yes Bank held on 18 Sep

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18 September 2025 00:00:00

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Outcome of board meeting of Yes Bank held on 18 Sep	Share Back
(18 Sep 2025)
The Board of Yes Bank at its meeting held on 18 September 2025 has approved the following: Noted the resignation of Sandeep Tewari (DIN 09623300) (nominee director of SBI), as a Non-Executive Director of the Bank with effect from 17 September 2025. Noted the completion of transaction and transfer of 4,134,404,897 equity shares (13.19% stake) of the Bank from State Bank of India to Sumitomo Mitsui Banking Corporation (SMBC). Noted the completion of transaction and transfer of 2,136,830,297 equity shares (6.81% stake) of the Bank from other sellers including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank to SMBC. Approved the appointment of Shinichiro Nishino (DIN: 11290100) and Rajeev Veeravalli Kannan (DIN: 01973006) as Additional Directors, Non-Executive and Non-Independent Directors (Nominees of SMBC)
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