In accordance with the approval provided by our Board of Directors, The Federal Bank has informed that the Bank has today, on May 09, 2025, executed a Letter Agreement with Sumitomo Mitsui Banking Corporation, a banking corporation headquartered in Japan (‘SMBC’) and Yes Bank (‘Company’) for sale of 16,62,73,472 equity shares of face value of Rs. 2.00/- each of the Company held by the Bank, in favour of SMBC, at a consideration of Rs. 21.50/- per share subject to applicable law. The aforesaid sale is contingent upon terms set forth in the Letter Agreement and regulatory approvals required under applicable laws. This intimation is also being made available on the Bank’s website at www.federalbank.co.in/disclosuresto-shareholders. The Board Meeting commenced on May 09, 2025, at 02.45 pm and concluded on May 09, 2025, at 03.35 pm.
The above information is a part of company’s filings submitted to BSE.
