Japan's Sumitomo Mitsui Financial Group (SMFG) is set to make $1.1 billion additional investment in Yes Bank, following its previous funding in March, reports stated. SMFG is seeking to acquire 5% of Yes Bank shares from US investment fund Carlyle Group and others. The new investment would bring total amount to $2.7 billion, giving SMFG 25% stake in Yes Bank.
short by
Shristi Acharya /
04:33 pm on
15 Jul