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Sumitomo lines up $1.1 billion for 5% more in Yes Bank
Financial Express Pune
|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.
Cette histoire est tirée de l'édition July 16, 2025 de Financial Express Pune.
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