India, May 12 -- Shares of Yes Bank soared over 8% on Monday morning following the announcement that State Bank of India (SBI) and seven other lenders will sell 20% of their combined stake in the bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for a total consideration of Rs 13,483 crore.
On the BSE, Yes Bank shares jumped 8.7% to Rs 21.74, while on the NSE, the stock rose 8.39% to Rs 21.70, boosting the bank's market valuation by Rs 1,415 crore.
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