Yes Bank co-founder Rana Kapoor's family plans to sell mortgage unit

Family office run by Rana Kapoor's three daughters is working with Nomura Holdings Inc. on a potential deal.

Banker Rana Kapoor’s family is planning to sell a stake in their six-year-old mortgage finance company, people with knowledge of the matter said, as rising wariness in the credit market erodes growth prospects of shadow finance firms.

The family office run by the three daughters of the Yes Bank Ltd. co-founder is working with Nomura Holdings Inc. on the potential deal, according to the people, who asked not to be identified as the information isn’t public. It has reached out to several private equity firms to gauge their interest, the people said.

While default at Infrastructure Leasing & Financial Services