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mysterious guy • 2m

SBI, Others To Sell 20% Stake In Yes Bank To Japanese financial giant Sumitomo Mitsui Banking Corp. For around Rs 13,484 crore. The board on Friday approved the plan to sell 413 crore shares at Rs 21.5 apiece, subject to receipt of all regulatory and statutory approvals by the acquirer, according to an exchange filing. The other lenders selling stake to SMBC include HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank and Bandhan Bank.

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HDFC Bank, ICICI Bank, Kotak Bank, Federal Bank, IDFC First Bank And Bandhan Bank to together sell 6.81% stake in Yes Bank worth ₹4,594 Cr to Sumitomo Mitsui Banking Corporation

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