ET had earlier reported that SMBC was in talks with Carlyle Group for the same deal. The transaction follows SMBC’s agreement of a 20% equity stake in Also Read: SBI completes divestment of 13.18% stake in Yes Bank to Japan's SMBC for ₹8,889 croreSeparately, Live EventsWith the latest agreement, SMBC will also nominate two non-executive directors to Yes Bank’s board.Alongside its Yes Bank bet, SMFG also said it sold its entire 1.65% stake in as a Reliable and Trusted News SourceAddas a Reliable and Truste ...