<ul data-eligibleForWebStory="false"><li>Sumitomo Mitsui Financial Group Inc. is considering a $1.1 billion additional investment in Yes Bank, aiming to acquire about 5% of the bank's shares from Carlyle Group Inc. and other minority shareholders.</li><li>The potential investment may also involve purchasing around $680 million in convertible bonds issued by Yes Bank to support its growth, bringing the total investment to $2.7 billion and giving SMFG a roughly 25% stake in Yes Bank.</li><li>No final decisions have been made yet, and discussions are ongoing. Yes Bank has shown positive performance, with its shares gaining about 2.1% this year, valuing the bank at around $7.3 billion.</li><li>Sumitomo Mitsui has been active in sealing deals in India, with previous investments in the country. Yes Bank's recovery from financial troubles in 2020 has attracted interest from global investors like SMFG.</li></ul>

Sumitomo Mitsui Said To Eye $1.1 Billion Additional Investment In Yes Bank

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