Sumitomo Mitsui Financial Group is contemplating an additional $1.1 billion investment in Yes Bank, potentially increasing its stake to 25%. This follows a previous $1.6 billion investment made in May. The move involves acquiring shares from Carlyle Group and purchasing convertible bonds, signaling SMFG's confidence in Yes Bank's turnaround after its 2020 rescue.
from Banking/Finance-Industry-Economic Times https://ift.tt/4l1ybgt
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