Japan’s financial powerhouse SMBC moves a step closer to taking control of Yes Bank

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Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to acquire a significant stake in Yes Bank, potentially triggering an open offer for an additional 26%. SBI, currently holding a 24% stake, seeks a new owner after Yes Bank’s turnaround.

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Japan’s financial powerhouse SMBC moves a step closer to taking control of Yes Bank

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