Nippon Life AMC Clarifies SEBI Yes Bank AT-1 Bond Settlement

Nippon Life India AMC responds to NSE query regarding news articles about a potential SEBI settlement concerning its Yes Bank AT-1 bond investments.
The company states all discussions with SEBI are sub-judice and confidential, preventing it from confirming or denying specific news report details.
It clarifies the stock price movement was due to broader market trends and advises investors to rely only on official disclosures from SEBI or exchanges.
The outcome of the ongoing SEBI proceedings will be disclosed upon conclusion as per regulatory requirements.