India's Yes Bank climbs after SMBC gets nod to buy up to 24.99% in lender
ReutersAug 25, 2025 4:08 AM
** Indian lender Yes Bank YESB.NS gains as much as 4.8%; last up 2.3% at 19.8 rupees
** Japan's Sumitomo Mitsui Banking Corporation (SMBC) SUMFDS.UL gets Indian central bank nod to buy up to 24.99% of Yes Bank
** SMBC inked deal to buy 20% stake in YESB for $1.6 billion in May; Reuters reported in July, citing sources, that SMBC was seeking approval to buy an additional 4.9% in YESB
** Stock set for best day since early June
** YESB is rated "sell" on avg, median PT is 17 rupees - data compiled by LSEG
** Stock is up 1.1% so far in 2025
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