Sumitomo Mitsui Banking Corp (SMBC) has applied to the RBI to acquire up to a 25% stake in Yes Bank, exceeding the 20% outlined in their initial agreement in May. This application allows SMBC the flexibility to increase its ownership by acquiring shares from other investors, pending regulatory approval. News outlets reported SMBC's interest in an additional investment of $1.
from Banking/Finance-Industry-Economic Times https://ift.tt/28GnlJT
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