SMBC raises stake in Yes Bank to 24.22 per cent, becomes largest shareholderJapanese lender SMBC has acquired an additional 4.22 per cent stake in Yes Bank, raising its holding to 24.22 per cent and becoming the largest shareholder. With the acquisition, SMBC’s stake in Yes Bank has increased from 20 per cent to 24.22 per cent. SMBC acquired 132.39 crore shares via off-market sale on September 22, Yes Bank said in a regulatory filing. With this transaction, SMBC has become Yes Bank’s largest shareholder, while SBI continues to hold a significant stake of over 10 per cent. The state-owned SBI, which held a 24 per cent stake in Yes Bank, is now left with a little over 10 per cent stake after the dilution.