Wednesday, December 2, 2020
No menu items!

Rana Kapoor fined ₹1 cr. for disclosure slip

Must Read

Providence Hangs On For 63-62 Win Over Davidson

ASHEVILLE, N.C.: Nate Watson scored 22 factors and Providence held on to defeat Davidson 63-62 within the...

Samsung Galaxy S21 Series May Launch $100 Cheaper Than the Galaxy S20 Series

Samsung Galaxy S21 render. (Image Credit: Voice/ Steve Hemmerstoffer)The Samsung Galaxy S21 sequence is predicted to launch in...

Oil Companies Hike Petrol, Diesel Prices After 2-Day Pause

<!-- -->Fuel Prices: Domestic petrol and diesel costs range throughout states on account of worth added tax (VAT).Oil...


Markets regulator SEBI on Friday imposed a penalty of ₹1 crore on Rana Kapoor, former MD and CEO of Yes Bank, for not making disclosures a couple of transaction with Morgan Credit.

By not disclosing the transaction to Yes Bank’s board of administrators, Mr. Kapoor had ‘created an opaque layer’ between him and stakeholders, SEBI mentioned in an order. Morgan Credits, a promoter entity of Yes Bank, had raised ₹950 crore from Reliance MF, through unlisted Zero Coupon NCDs in April 2018. Mr. Kapoor, additionally a promoter of Yes Bank, entered into an settlement as a ‘guarantor’ for the transaction with Morgan and Milestone Trusteeship Services.



Source link

Latest News

Providence Hangs On For 63-62 Win Over Davidson

ASHEVILLE, N.C.: Nate Watson scored 22 factors and Providence held on to defeat Davidson 63-62 within the...

Samsung Galaxy S21 Series May Launch $100 Cheaper Than the Galaxy S20 Series

Samsung Galaxy S21 render. (Image Credit: Voice/ Steve Hemmerstoffer)The Samsung Galaxy S21 sequence is predicted to launch in January subsequent yr, a month...

Oil Companies Hike Petrol, Diesel Prices After 2-Day Pause

<!-- -->Fuel Prices: Domestic petrol and diesel costs range throughout states on account of worth added tax (VAT).Oil advertising and marketing corporations hiked...

Indian-American Maju Varghese appointed executive director of Presidential Inauguration Committee

The crew contains Tony Allen because the Chief Executive Officer, Maju Varghese because the Executive Director, Erin Wilson because the Deputy Executive Director...

Asian Shares Edge Lower But Stimulus, Vaccine Hopes Provide Support

TOKYO/NEW YORK: Asian shares shed early positive aspects from a robust Wall Street lead on Wednesday, as some buyers...

More Articles Like This