The Exchange has sought clarification from Nippon Life India Asset Management Limited with respect to recent news item captioned Nippon Life's India asset manager to settle Yes Bank investment case, document shows. The response from the Company is attached.
NAM-INDIA · price
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NSE sought clarification from Nippon Life India Asset Management regarding a media report claiming the company was set to settle a Yes Bank AT-1 bond investment case with SEBI. The company responded that discussions with SEBI regarding a show cause notice (previously disclosed in September 2024) offering a settlement option are ongoing, strictly confidential, and sub-judice. The company stated it cannot confirm or deny the specific news article details and clarified there is no material information requiring disclosure under Regulation 30 at present. The share price movement was attributed to broader market trends. The company is cooperating with SEBI through its legal advisers.
The company has not admitted wrongdoing and no final penalty has been imposed. The ongoing SEBI settlement proceedings remain confidential, and the outcome could range from a consent order to dismissal. Until resolved, regulatory uncertainty persists around this matter.