Completion of initial acquisition of stake in YES BANK and execution of agreement for additional stake Sumitomo Mitsui Financial Group, Inc. (President & Group CEO: Toru Nakashima, hereinafter, collectively with its subsidiaries, referred to as "SMBC Group") and Sumitomo Mitsui Banking Corporation (President and CEO: Akihiro Fukutome, hereinafter referred to as "SMBC") announced that, further to the news release dated May 9th, 2025 that SMBC had entered into a definitive agreement to acquire ... YES Bank stake sale gain leads SBI Q2 PAT to rise 10% In September, SBI divested its 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corp (SMBC) for ₹8,889 crore Sumitomo Mitsui Banking Corporation’s (SMBC) deal with Yes Bank , which was announced in May this year, and the RBL – Emirates NBD deal that concluded ahead of Diwali, have aspects in common ... YES Bank shares off highs after rising on Japan's SMBC's talks with SBI for stake acquisition Sumitomo Mitsui may acquire up to 51 percent stake in YES Bank , allowing SBI and other rescuing banks ...
