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SMBC gets nod to raise Yes Bank stake to 24.99%
August 24, 2025
|The New Indian Express Coimbatore
The Reserve Bank of India (RBI) has granted in-principle approval to Japanese financial major Sumitomo Mitsui Banking Corporation (SMBC) to acquire an additional 4.99% stake in Yes Bank, taking its total holding to 24.99%.
SMBC had in May agreed to pick up 20% in the private lender for ₹13,483 crore at ₹21.5 per share. With the latest approval, it can increase its stake but will not be classified as a promoter despite holding nearly a quarter of the bank. The Japanese bank will, however, enjoy full voting rights on its 24.99% equity.
هذه القصة من طبعة August 24, 2025 من The New Indian Express Coimbatore.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Coimbatore
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