Nippon Life India AMC Gets In-Principle Nod to Settle Yes Bank Bond Case
Nippon Life India Asset Management said it received in-principle approval from India’s markets regulator to settle a dispute over alleged fraudulent investments in Yes Bank AT1 bonds after paying ₹96.76 crore ($10.2 million).
Nippon Life India Asset Management 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 additional tier-1 bonds after paying ₹96.76 crore ($10.2 million).The asset manager, a unit of Japanese insure…