Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to acquire a significant stake in Yes Bank, potentially triggering an open offer for an additional 26%. SBI, currently holding a 24% stake, seeks a new owner after Yes Bank’s turnaround.
SBI mobilises Rs 6,051 crore from Tier II bonds to fund biz growth
The Rs 400 crore GSP Crop Science IPO enters its final day with 96% subscription, led by strong NII demand while retail interest remains muted.