SMBC to buy additional 4.2% stake in Yes Bank from PE firm Carlyle Group

Sumitomo Mitsui Banking Corporation (SMBC) is set to increase its stake in Yes Bank to 24.2% through two transactions: acquiring 4.2% from a Carlyle Group affiliate for Rs 2,850 crore and an earlier purchase of 13.18% from SBI for Rs 9,000 crore. This move underscores SMBC’s commitment to India, while SBI will retain a 10% stake in Yes Bank.

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