📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      What percentage stake did Japan’s Sumitomo Mitsui

      Banking Corporation (SMBC) acquire in Yes Bank?
      A 10% Correct Answer Incorrect Answer
      B 15% Correct Answer Incorrect Answer
      C 20% Correct Answer Incorrect Answer
      D 24.99% Correct Answer Incorrect Answer
      E 13.18% Correct Answer Incorrect Answer

      Solution

      SMBC acquired a 20% stake in Yes Bank via secondary share purchase from SBI and other lenders. This made SMBC the largest shareholder, while SBI’s stake reduced to about 10%. RBI has permitted SMBC to increase its stake to 24.99%.

      Practice Next
      ask-question