AZB & Partners Advised Yes Bank On SBI-led INR 13,400 Crore Stake Sale To Sumitomo Mitsui Banking Corporation

AZB & Partners advised Yes Bank on SBI-led INR 13,400 crore stake sale to Sumitomo Mitsui Banking Corporation

AZB & Partners advised Yes Bank in a landmark transaction wherein State Bank of India (SBI) and other private sector lenders agreed to sell 20% stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC), a leading Japanese banking institution, for approximately INR 13,400 crore. This marks the largest cross-border deal in the Indian banking sector to date.

AZB & Partners played a critical role in all aspects of the transaction, including diligence, structuring, and negotiations.

The AZB & Partners transaction team included Vaidhyanadhan Iyer (Senior Partner), Abhilash Chandran (Partner), Bhargavy Ramesh (Partner), Priyasha Goyal (Senior Associate), and Manhar Chaudhary and Pavit Kaur (Associates).

The broader team included: Gautam Ganjawala (Senior Partner) on regulatory matters, with Rhea Ghanshani (Senior Associate), and Sanghamitra Sengupta, Prithviraj Khanna, and Rishav Sen (Associates) on due diligence.

Ajay Singh Solanki (Partner) and Shloka Jain (Associate) on employment diligence.

Malini Raju (Partner) and Prannathi Ajith Kumar (Senior Associate) on real estate diligence.

Vivek Shetty (Partner), Dhaval Vora (Senior Associate), Devanshi Jhaveri, and Naman Nayyar (Associates) on litigation aspects.

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