SEBI probes Yes Bank disclosure on deal with Japan's SMBC: Report

SEBI is probing disclosures made by Yes Bank regarding its share sale to Japan's Sumitomo Mitsui Banking Corporation (SMBC), Moneycontrol reported. Three days before its stake sale was announced, Yes Bank said that reports of the deal were "speculative". This indicates that the deal was in advance stage when the statement was made, and SEBI mandates true disclosure of deals.