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The suit also sought to restrain individual directors from acting as such or holding themselves out as directors of the bank, and restrain the bank from making or continuing with any application to any regulator/authorities for reclassifying the Kapur familys shareholding into a non-promoter shareholding. Mumbai, Jun 9 () Private lender Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a … In a regulatory filing on Tuesday, the bank said the Kapur family had agreed to reclassify its shareholding as “non-promoter” as per an intimation on May 30. Mumbai, Jun 9 () Private lender Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013.
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Private lender Yes Bank on Tuesday said that Madhu Kapur, wife of the bank’s late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013.
as of 3/6/18 Newcomer Madhu Kapur gets her fortune from a 9.3% stake in Bombay Stock Exchange-listed Yes Bank. The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018. It is a mystery as to why the world entered one, The factors that cause Delhi's air quality to dip this time of the year, 'Puja will be complete when Durgas on the road reach home': Artisans in Kolkata. The Rs 15,000-crore bailout was necessitated due to Rana Kapoor’s alleged mishandling of affairs while at the helm. Madhu Kapoor, Actress: Baadal.
Kapoor was arrested by law enforcement agencies after the bailout. Times Internet Limited. The sale makes about 14% of Kapur's stake. All rights reserved.For reprint rights. Copyright © 2020.
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The Kapur family now owns about 1.50 per cent in the bank and are classified as public shareholders. The Kapur family now owns about 1.50 per cent in the bank and are classified as public shareholders. Madhu Kapur wife of late Yes Bank NSE 0.38 % co founder Ashok Kapur has sold about 2.5 crore shares of the bank at Rs 65 a piece netting her Rs 161 crore. After Ashok Kapur, the founding chairman of the bank, died in the November 2008 Mumbai terror attack, the relations between his family and Rana Kapoor, who are related, soured. Times Syndication Service. The suit was withdrawn following reclassification of the family’s holding and the Bombay High Court allowed the withdrawal, the bank said.
Private lender Yes Bank on Tuesday said that Madhu Kapur, wife of the bank’s late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013.
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Prior to the sale Kapur held 17.6 crore shares the the bank. The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018. IPL 2020, KKR vs DC Highlights: Kolkata beat Delhi by 59 runs, Coronavirus India Live Updates: Entire country deserves free vaccine, says Delhi CM Arvind Kejriwal, Gupkar alliance adopts J&K flag as symbol, Farooq says it's 'anti-BJP, not anti-national', Why govt has extended dates for filing income tax returns, Bigg Boss 14 October 24 episode LIVE UPDATES, Neha Kakkar marries Rohanpreet Singh in a traditional Anand Karaj ceremony, Kolkata: NGO conducts food drive to ensure 'no one sleeps hungry' during Durga Puja, Woman orders McDonald's burger, gets ketchup packets instead. Yes Bank had to be bailed out earlier this year by a consortium of lenders led by SBI as part of a process driven by the Government and the RBI. The Indian Express is now on Telegram. iPhone 12 vs iPhone 12 Pro: What is different and which one to buy? The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018. For all the latest Business News, download Indian Express App. (This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.).
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