Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Sumitomo lines up $1.1 billion for 5% more in Yes Bank
Financial Express Ahmedabad
|July 16, 2025
SUMITOMO MITSUI FINANCIAL Group (SMFG) is considering making an additional $1.1 billion investment in Yes Bank, people familiar with the matter said, following a previous investment made by Japan's second-biggest bank two months ago.
SMFG is seeking to acquire about 5% more of Yes Bank shares from US investment fund Carlyle Group and other minority shareholders, the people said, asking not to be identified because the deliberations are private. SMFG may also buy about $680 million in convertible bonds issued by Yes Bank to help boost growth, they said.
This story is from the July 16, 2025 edition of Financial Express Ahmedabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Ahmedabad
Financial Express Ahmedabad
Fertiliser stock adequate for kharif season: Centre
THE CENTRE ON Monday said fertiliser availability in the country remains comfortable ahead of the kharif sowing season despite supply disruptions and price volatility triggered by the West Asia crisis, with current stocks already exceeding 50% of the projected seasonal demand.
1 min
May 26, 2026
Financial Express Ahmedabad
‘Lithuania’s growth engine shifts to services’
Lithuania’s economy is undergoing a structural shift, with services exports now matching goods exports for the first time. Even as growth remains resilient, inflation, energy dependence and geopolitical risks continue to shape the outlook, Greta Ilekyte, senior economist at Swedbank tells Kshipra Petkar.
2 mins
May 26, 2026
Financial Express Ahmedabad
Inflation fears cloud FY27 outlook for QSR chains
INDIA'S FAST-FOOD CHAINS are re-calibrating growth strategies for FY27 as fuel, logistics and commodity prices rise, squeezing household budgets and weakening discretionary spending.
2 mins
May 26, 2026
Financial Express Ahmedabad
Sebi bans seven for mkt manipulation
CAPITAL MARKETS REGULATOR Sebi has barred seven individuals from securities markets for allegedly running a coordinated pump-and-dump scheme across social media platforms and making unlawful gains of over ₹20.25 crore.
1 min
May 26, 2026
Financial Express Ahmedabad
Bond investors tap rising swaps for higher returns
MULTI-YEAR HIGH SWAP rates are driving some Indian debt fund managers into trades aimed at boosting fixed-income returns.
1 mins
May 26, 2026
Financial Express Ahmedabad
Re extends gain for 3rd straight session
THE RUPEE STRENGTHENED on Monday after a drop in oil prices and supportive comments from the Reserve Bank of India governor, said market participants.
1 min
May 26, 2026
Financial Express Ahmedabad
RBI may favour liquidity, forex tools over rate hike
THE RESERVE BANK of India’s (RBI) Monetary Policy Committee (MPC) is expected to announce additional measures to support the rupee while keeping interest rates unchanged at its June 5 policy meeting, according to a poll of 10 economists.
2 mins
May 26, 2026
Financial Express Ahmedabad
Vi receives rating upgrade boost
CRISIL RATINGS HAS upgraded Vodafone Idea’s bank facilities rating to ‘Crisil A-/Stable’, citing continued support from the Aditya Birla Group, improving operating performance, and easing regulatory liabilities.
1 mins
May 26, 2026
Financial Express Ahmedabad
Hindalco finds copper cushion in W Asia crisis
Strong sulphuric acid demand offsets pressure on refining charges globally
2 mins
May 26, 2026
Financial Express Ahmedabad
SEC's new earnings draft raises transparency debate
THE US SECURITIES and Exchange Commission’s (SEC) proposal to allow listed companies to opt for semi-annual earnings disclosures, instead of quarterly reporting, has reignited the debate over investor protection and market transparency.
1 mins
May 26, 2026
Listen
Translate
Change font size