Yes Bank Shares Soar 8% as Sumitomo Mitsui Acquires 20% Stake – Equitypandit
Shares of Yes Bank Ltd soared 8% during the early trading hours on Monday, 12 May, after Japan’s Sumitomo Mitsui Banking Corporation (SMBC) agreed to buy a 20% stake in the private lender, marking one of the largest foreign investments in an Indian private bank. The company, in its regulatory filing, said, “This transaction is…