Japan's SMBC to buy additional 4.2% stake in Yes Bank from Carlyle Group

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Sumitomo Mitsui Banking Corporation (SMBC) has agreed to acquire an additional 4.2% stake in Yes Bank from CA Basque Investments, following its earlier agreement to purchase a 20% stake. State Bank of India (SBI) has completed the divestment of a 13.18% stake in Yes Bank to SMBC.