Markets · 1 sources covering this

Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case

Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes Bank's AT1 bonds. With a settlement payment of ₹96.8 crore, including management fee reversals, this comes after a show-cause notice was issued in August 2024 due to alleged non-compliance. The final ruling from Sebi is still anticipated by the company and its representatives.

Share:WhatsApp X Reddit Facebook LinkedIn

Coverage spectrum

0 L · 0 C · 1 R

How 1 sources are covering this

Economic TimesLean R·1h ago
Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case
Nippon Life India Asset Management Company has obtained in-principle approval from Sebi regarding a settlement case involving mutual fund investments in Yes Bank's AT1 bonds. With a settlement payment of ₹96.8 crore, including management fee reversals, this comes after a show-cause notice was issued in August 2024 due to alleged non-compliance. The final ruling from Sebi is still anticipated by the company and its representatives.
Read at Economic Times →

Embed this bias spectrum on your site

Paste this iframe wherever you'd like the widget to appear. Resizes responsively; no JS required.

<iframe
  src="https://hindustansphere.com/embed/cluster/4cbc70af7cdfc234c7be968573253aa24017da78"
  width="100%" height="320"
  style="border:0;max-width:680px"
  loading="lazy"
  title="Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case"></iframe>

Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case

How 1 sources are covering this

Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case

More from Markets

HPCL reports 6% decline in profit for Q2 amidst rising fuel prices

Positive Breakout: These 5 stocks cross above their 200 DMAs

Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia

Top stocks to watch today: Infosys, Tata Motors, Swiggy, Cyient shares in focus on Friday, 23 Oct | Full list

Reader

Trust & legal

Across the network