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Icici Bank shares rise 1.05% after-hours as SMBC approves stake purchase in Yes Bank.
ByAinvest
Tuesday, Sep 2, 2025 4:49 pm ET1min read
Icici Bank Limited rose 1.05% in after-hours trading. The Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) received approval from India's competition regulator to purchase a 20% stake in Yes Bank, with ICICI Bank being one of the sellers. This deal, valued at $1.6 billion, is the largest cross-border merger and acquisition in India's financial sector.
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