SMBC to Acquire 20% Stake in Yes Bank for ₹13,482 Crore

Japan’s Sumitomo Mitsui Banking Corp. (SMBC) will acquire a 20% stake in

Yes Bank through a ₹13,482 crore secondary purchase from SBI and others, marking the largest cross-border investment in Indian banking. The deal values Yes Bank at $7.9 billion and gives SMBC two board seats, with voting rights capped at 26%.