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Sumitomo Mitsui Financial Group, Inc. (President & Group CEO: Toru Nakashima, hereinafter referred to as the "SMBC Group") and Sumitomo Mitsui Banking Corporation (President and CEO: Akihiro Fukutome, hereinafter "SMBC") announced that SMBC has reached an agreement with State Bank of India (Chairman: Challa Sreenivasulu Setty, hereinafter referred to as "SBI"), the state-owned bank of the Republic of India (herein after referred to as "India") and other financial institutions in India to acquire 20.0% equity stake in YES BANK Limited (CEO: Prashant Kumar, hereinafter referred to as "YES BANK"), a private commercial bank in India, (Purchase consideration: 134.8 billion Indian Rupee, approx. 240 billion yen, PBR 1.4 times) subject to regulatory approvals, and signed definitive agreements. As a result of the investment, YES BANK is expected to become an equity-method affiliate of SMBC Group and SMBC. 1. SMBC Group's Business in Ind...

   

      SMFG: Sumitomo Mitsui Financial Group, Inc.

8 Oct 2024: These stocks below have recently conducted stock splits on 27 Sep to attract a wider investor base, most notably from retail investors. Please note that the prices below are for today only, and today also happens to be a down day of 1% for the Nikkei 225 stock index. Sumitomo Mitsui Financial Group (8316) - Banking (SMFG, also known as SMBC) 3-for-1 stock split (1 share splits into 3) on 27 Sep 2024 Post split last done price: 3,093 (−114 −3.55%) Asahi Group Holdings (2502) - Brewer 3-for-1 stock split (1 share splits into 3) on 27 Sep 2024 Post split last done price: 1,829.0 (−30.0 −1.61%) Sony Group Corp (6758) - Conglomerate including consumer electronics 5-for-1 stock split (1 share splits into 5) on 27 Sep 2024 Post split last done price: 2,810.5 (−70.0 −2.43%)