India's Yes Bank up after Japan's SMBC agrees to buy 20% stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
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Source: Reuters
Yes Bank Stake Acquisition: Yes Bank's shares rose 4.6% after Japan's Sumitomo Mitsui Banking Corporation announced it would acquire a 20% stake in the bank, marking India's largest cross-border banking deal.
Stake Distribution: The acquisition includes a 13.19% stake from State Bank of India and an additional 6.81% from various other banks including Axis Bank and HDFC Bank.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
