Yes Bank stake sale: CCI clears SMBC plan for up to 24.99% holding, Japanese lender set to become top shareholder
The Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation's (SMBC) proposal to acquire up to a 24.99% stake in Yes Bank. This move will make SMBC the single-largest shareholder in the private sector bank. The Reserve Bank of India (RBI) had previously approved the deal, paving the way for this significant investment.
The Competition Commission of India (CCI) has approved Sumitomo Mitsui Banking Corporation's (SMBC) proposal to acquire up to a 24.99% stake in Yes Bank. This move will make SMBC the single-largest shareholder in the private sector bank. The Reserve Bank of India (RBI) had previously approved the deal, paving the way for this significant investment. What's Your Reaction?
