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Sebi rejects Ambani plea in Yes Bank case
Mint New Delhi
|August 13, 2025
India's market regulator has rejected a plea by industrialist Anil Ambani to settle charges related to investments in lender Yes Bank, potentially exposing him to at least a ₹1,828 crore ($208.4 million) penalty, according to documents reviewed by Reuters.
The case relates to ₹2,150 crore ($245.3 million) invested by Ambani's Reliance Mutual Fund between 2016-2019 in Yes Bank's additional tier-I bonds, which were written-off when the bank was declared insolvent in 2020. Reliance Mutual Fund was sold to Nippon Life Insurance in 2019 and charges pre-date the sale.
Dit verhaal komt uit de August 13, 2025-editie van Mint New Delhi.
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