 "Rana Kapoor, YES Bank")
YES Bank promoter Rana Kapoor and his holding company Morgan Credits Pvt Ltd have pledged 170 million shares or 7.34 per cent in the bank with lenders. The shares pledged today are worth about Rs 1,500 crore.
Kapoor owned a 10.6 per cent stake in the bank at the end of the June 2019 quarter through three entities – Rana Kapoor, Morgan Credits and YES Capital (India). The stake is worth Rs 2,200 crore as on Tuesday.
The pledge was created in favour of the debenture trustee for the benefit of the debenture holders of Morgan Credit, according to the
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