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SMBC sells off Kotak Bank shares worth Rs.6,256-Cr

Rediff Moneynews  

Japan's Sumitomo Mitsui Banking Corporation (SMBC) has sold 3.22 crore equity shares, representing a 1.62% stake, in Kotak Mahindra Bank through open market transactions fetching INR 6,256 crore. (The sale comes amidst SMBC’s rising role in Kotak rival Yes Bank.)From the Deal Digest Archive: In August 2025, SMBC had received approval from the Reserve Bank of India (RBI) to buy a 24.99% stake in Yes Bank. In May, SMBC had inked a deal to acquire a 20% stake in Yes Bank for USD 1.6 Billion.