India's Yes Bank drops on report SMBC rules out increasing stake in co

Yes Bank

17/10/2025 07:49

** India's Yes Bank YESB.NS drops 3.2% to 22.35 rupees

** Japanese lender Sumitomo Mitsui Banking Corporation (SMBC)has no immediate plans to raise its stake in India's Yes Bank beyond 24.99%, Reuters reports

** Analysts widely expected SMBC may further raise its stake in YESB and launch an open offer - report

** Bank's current holding in YESB stands at 24.2%

** YESB up ~23% since May 9 when SMBC inked deal to buy stake in lender

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))