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Yes Bank AT-1 Bond Case: Kapoor and Ambani Reject Settlement Pleas

1 report, 1 independent Updated Wed 00:00
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What happened

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Rana Kapoor and Anil Ambani rejected settlement pleas in the Yes Bank AT-1 bond case on November 4, 2026. Separately, Nippon Life India Asset Management paid ₹96.76 crore to the Securities and Exchange Board of India to settle the case. The Supreme Court upheld a ruling that quashed the March 2020 write-down of ₹8,415 crore of Yes Bank AT-1 bonds, calling the action illegal and void.

From businessworld.in

Why it matters

Some supportBrind's analysis of the reports

The settlement was based on the Securities and Exchange Board of India valuing the AT-1 holdings at zero, which calculated investor loss at ₹1,828.70 crore. The Supreme Court's decision to revive the bonds challenges the regulatory foundation used by the Securities and Exchange Board of India for the settlement.

From businessworld.in

Who's involved

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The entities involved

  • Anil Ambani

    Indian businessman (1959-present)

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Coverage

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