Japan's SMBC to Take 20% Stake in India's Yes Bank

2017-12-11T150753Z_1474460272_RC1BCE5927D0_RTRMADP_3_SMFG-BROKERAGE
MUMBAI/TOKYO, May 9 (Reuters) – Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has signed a definitive agreement to take a 20% stake in Indian private lender Yes Bank YESB.NS, a deal that marks the largest cross-border merger and acquisition deal in India’s financial sector.

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