 "Rana Kapoor")
Markets regulator Sebi on Friday imposed a penalty of Rs 1 crore on Rana Kapoor, former MD and CEO of YES Bank, for not making disclosures about Morgan Credit's transaction.
By not disclosing about the transaction to YES Bank's board of directors, Kapoor has created an opaque layer between him and stakeholders, Sebi said in an order.
Morgan Credits, which was an unlisted promoter entity of YES Bank, raised Rs 950 crore from Reliance Mutual Fund, now Nippon India Mutual Fund, through unlisted Zero Coupon Non-Convertible Debentures (ZCNCDs)in April 2018.
Kapoor, who was also the promoter of YES Bank, entered
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