Sumitomo Mitsui Banking Corporation will acquire a 20% stake in India's Yes Bank

Zhitong
2025.05.10 01:15

On May 9th, Sumitomo Mitsui Banking Corporation announced that it has reached an agreement with the State Bank of India and several financial institutions to acquire a 20% stake in the Indian private commercial bank Yes Bank, with a purchase price of approximately 240 billion yen. The transaction is subject to the signing of a final agreement and requires regulatory approval

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.