Brief: Smfg - Agrees To Acquire Additional 4.2% Stake In Yes Bank From Carlyle Group Affiliate

Yes Bank

17/09/2025 10:43

TOKYO, Sept 17 (Reuters) - The banking arm of Sumitomo Mitsui Financial Group 8316.T has agreed to buy an additional 4.2% stake in India's Yes Bank YESB.NS from an affiliate of Carlyle Group CG.O for 51 billion yen ($349 million), it said on Wednesday.

Sumitomo Mitsui Banking Corporation, Japan's second largest lender by assets, also said it had now completed its acquisition of an initial 20% stake in the Mumbai-based bank, in a deal first announced in May.

($1 = 146.2800 yen)

 (Reporting by Anton Bridge
Editing by Mark Potter)

 ((Anton.Bridge@thomsonreuters.com;))