Not factually correct: Yes Bank on report of SMBC buying 51% stake

Yes Bank has denied a Moneycontrol report that claimed Japan's Sumitomo Mitsui Banking Corporation (SMBC) is in talks to acquire a 51% stake in the bank. The report is "speculative" and "not factually correct", Yes Bank said in a filing. Shares of Yes Bank jumped nearly 10% in early trade on Tuesday following the report.