Adjudication Proceedings in respect of Mr. Rana Kapoor in the matter of Yes Bank Limited

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Last updated: 30 September 2020
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This adjudication order concerns Mr. Rana Kapoor in the matter of Yes Bank Limited. SEBI investigated a transaction where a promoter entity, Morgan Credits Pvt. Ltd., raised Rs 950 crore from Reliance Mutual Fund via debentures. The investigation focused on whether disclosures were required under SEBI regulations regarding share acquisition and listing obligations. Mr. Kapoor acted as a guarantor for a portion of this borrowing and agreed to pledge his shares if necessary.

Court :
SEBI

Brief :
UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES BY ADJUDICATING OFFICER) RULES, 1995.

Citation :
ADJUDICATION ORDER No.: ORDER/AP/AS/2020-21/9142

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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