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Sebi Rejects Anil Ambani's Bid to Settle Yes Bank Charges
The New Indian Express Kochi
|August 13, 2025
CAPITAL markets regulator Sebi has reportedly turned down Reliance Group Chairman Anil Ambani's bid to settle charges related to Yes Bank investments.
According to documents reviewed by news agency Reuters, this could leave Ambani facing penalties of no less than Rs 1,828 crore.
The case stems from investments worth ₹2,150 crore made by Reliance Mutual Fund, then owned by Ambani, in Yes Bank's additional tier-1 (AT-1) bonds between 2016 and 2019. These bonds were written off in 2020 when Yes Bank was declared insolvent. By then, Reliance Mutual Fund had already been sold to Nippon Life Insurance, but the charges date back to the period before the sale.
Esta historia es de la edición August 13, 2025 de The New Indian Express Kochi.
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MÁS HISTORIAS DE The New Indian Express Kochi
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