MARKETS 58m ago
Nippon AMC gets Sebi nod for settlement in Yes Bank AT1 case
Economic Times Stocks
Published 23 Oct 2026, 01:11 am IST
ETMarkets.comThe company had received a show-cause notice from Sebi in August, 2024, in relation to investments made by some of Nippon's schemes in Yes Bank's AT1 bonds.
The AMC said it has paid ₹96.8 crore towards the settlement, including ₹89.1 crore towards reversal of management fees earned on the investments, along with interest, and ₹7.7 crore towards settlement amounts for the company and certain officials. The final settlement order from Sebi is awaited.
The company had received a show-cause notice from Sebi in August, 2024, alleging "non-compliance with certain securities laws" in relation to investments made by some of Nippon's schemes in Yes Bank's AT1 bonds.
Originally reported by Economic Times Stocks.Source: economictimes.indiatimes.com
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