The Competition Commission of India on Tuesday approved Japanese company Sumitomo Mitsui Banking Corporation's stake purchase in Indian lender Yes Bank .
SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector.
(With inputs from Reuters)
SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector.
(With inputs from Reuters)
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