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Market regulator SEBI rejected Anil Ambani and Yes Bank CEO Rana Kapoor's settlement pleas in Yes Bank investment case, which may lead to a ₹1,828-crore penalty, reported Reuters. Reliance Mutual Fund had invested ₹2,150 crore in Yes Bank's tier-1 bonds allegedly in exchange for loans to Ambani's other companies. These bonds were written off when bank declared insolvency in 2020.
short by Ishita Ranganath / 04:37 pm on 13 Aug
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