Home / Companies / News / CCI approves SMBC's 20% stake purchase in Yes Bank for $1.6 billion

CCI approves SMBC's 20% stake purchase in Yes Bank for $1.6 billion

SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector

1 min read Last Updated : Sep 02 2025 | 6:54 PM IST

Listen to This Article

India's competition regulator said on Tuesday it had approved Japanese company Sumitomo Mitsui Banking Corporation's stake purchase in Indian lender Yes Bank.

SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)