Japan’s MUFG & SMBC weigh majority stake buyout in Yes Bank

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« India’s Forex Reserves at New High Of $ 648 Billion

Inflation Slips Below 5% »

Japan’s MUFG, SMBC weigh buyout in Yes Bank

(20 second reading) The State Bank of India-led consortium, which rescued Yes Bank in 2020, is now considering selling its stake.
Japan’s Mitsubishi UFJ Financial Group (MUFJ) and Sumitomo Mitsui Banking Corp. (SMBC) have expressed interest and are considering a bid to acquire a majority stake in Yes Bank
Another company from the Middle East has also shown interest. SBI is the largest shareholder with a 26.13 percent stake. These are very early days in the deal.

« India’s Forex Reserves at New High Of $ 648 Billion

Inflation Slips Below 5% »

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