Nippon Life India AMC Gets In-Principle Approval to Settle Yes Bank Bond Case
Nippon Life India AMC said it received in-principle approval from India's markets regulator to settle a dispute over alleged fraudulent investments in Yes Bank additional tier-1 bonds after paying 967.6 million rupees ($10.2 million).
Nippon Life India Asset Management NSE:NAM_INDIA said on Thursday it has received in-principle approval from India's markets regulator to settle a dispute over alleged fraudulent investments in Yes Bank NSE:YESBANK additional tier-1 bonds after paying 967.6 million rupees ($10.2 million).The asset…