New Delhi, Sept. 3 -- Yes Bank share price gained over 2% on Wednesday after the fair trade regulator CCI approved Japan's Sumitomo Mitsui Banking Corporation's proposal to acquire up to 24.99% stake in the private sector lender. Yes Bank shares rose as much as 2.09% to Rs.19.97 apiece on the BSE.

Last month, banking regulator, the Reserve Bank of India (RBI) had also granted approval to SMBC's acquisition of up to 24.99% stake in Yes Bank's paid-up share capital and voting rights.

"The proposed combination relates to the acquisition of share capital and voting rights of Yes Bank by Sumitomo Mitsui Banking Corporation (SMBC)," the Competition Commission of India (CCI) said in a release.

SMBC is a wholly-owned subsidiary of Sumitomo Mit...