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Nippon Life India Asset Management (NAM) said on Friday that the company and its executives are constantly working along with its legal advisors to assist market regulator Securities and Exchange Board of India (Sebi) on any inquiries in the matter pertaining to the asset manager’s investment in Yes Bank’s AT1 bonds.
Sebi has launched an investigation into NAM’s –formerly known as Reliance Mutual Fund-- investment in the bonds, which were influenced by its former promoter Anil Ambani-led Reliance Capital. NAM had made an investment of Rs 2,500 crore in Yes Bank's AT1 bonds.
“Sebi has been asking the company and
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