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SEBI Banking & Finance

SEBI Imposes Rs 1 Crore Fine On Yes Bank’s Two Promoter Entities For Disclosure Lapses

Indeed Capital had raised Rs 630 crore from Franklin Templeton Mutual Fund through unlisted Zero Coupon Non-Convertible Debentures ('ZCNCD') in September 2017. As a piece of the exchange, Yes Capital agreed to a condition that it will keep up a spread proportion of 3.3 occasions till a year and multiple times from that point.

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