Yes Bank shares jump over 8% as Japan's SMBC inches closer to deal

Yes Bank share price: Yes Bank shares surged up to 8.5% after reports said Japans Sumitomo Mitsui Banking Corp (SMBC) is in advanced talks to acquire a significant stake from SBI. SBI, which owns 24%, may trigger a 26% open offer if the deal goes through. This could make SMBC the largest shareholder in the countrys sixth-largest private lender.