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Nippon Life AMC execs apply for settlement in Yes AT1 case
The probe, initiated by Sebi in 2022, focuses on Nippon Life India Asset Management (earlier Reliance Mutual Fund) over its ₹2,500 crore investment in Yes Bank's Additional Tier 1 (AT1) bonds. The investigation probes whether the former promoter, Anil Ambani's Reliance Capital, influenced the fund's investment decision, potentially impacting the fiduciary responsibility of its executives.
