Yes Bank shares gained 2% after regulators cleared Sumitomo Mitsui Banking Corporation's plan to acquire up to 24.99% for ₹16,000 crore. The capital boost strengthens its balance sheet and lowers funding costs, analysts said. However, SEBI-registered analyst Mayank Singh Chandel warned that despite foreign backing, Yes Bank's financials remain fragile, urging investors to stay cautious.
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12:40 pm on
03 Sep