The banking arm of Sumitomo Mitsui Financial Group (SMBC) announced on September 17, 2025, an agreement to purchase an additional 4.2% stake in India's Yes Bank. The acquisition will be made from an affiliate of Carlyle Group for 51 billion yen, equivalent to approximately $349 million.
This transaction represents a partial divestiture for Carlyle, allowing the global investment firm to realize value from its investment in Yes Bank. Carlyle has been an investor in the Indian financial institution, and this sale is part of its ongoing portfolio management strategy.
The sale to SMBC indicates continued investor interest in Yes Bank and the broader Indian financial sector. For Carlyle, this monetization event contributes to its overall returns and provides capital for new investment opportunities across its diverse platforms.
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