
Japan’s Sumitomo to Acquire 13.19% Stake in Yes Bank Stake Sale From SBI For Rs 8,889 Crore
Following the stake sale, SBI’s stake in Yes Bank will draw down to 10.81%, as compared to the current 24%. SBI had acquired shares of YES Bank at an average of Rs 10 apiece in 2020. This was after the lender led a consortium of banks to rescue YES Bank …