SBI to sell 13.19% stake in Yes Bank to Japan’s SMBC for $1.04 billion

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State Bank of India will reduce its stake in Yes Bank to just over 10%, while Japan’s SMBC will hold 20% after acquiring a 13.19% stake for 88.89 billion rupees ($1.04 billion).

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SBI to sell 13.19% stake in Yes Bank to Japan’s SMBC for $1.04 billion

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