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MUFG is the leading contender to acquire 51% stake in Yes Bank, India's 6th-largest private lender.
Mitsubishi UFJ Financial Group (MUFG) is the leading contender to acquire a majority stake in Yes Bank, India's sixth-largest private lender.
Unlike other bidders, MUFG accepts the regulatory voting rights cap of 26%.
The move follows a rejected $2 billion bid for HDB Financial.
MUFG aims for a 51% stake, which would mark a significant banking merger in India.
Current negotiations involve State Bank of India, Yes Bank's largest shareholder.
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MUFG es el principal contendiente para adquirir una participación del 51% en Yes Bank, el sexto mayor prestamista privado de la India.