Nippon Life India AMC responds to stock exchange query on news about potential SEBI settlement regarding Yes Bank AT-1 bond investments.
Company confirms all settlement discussions with SEBI are confidential and sub-judice under SEBI Settlement Proceedings Regulations, 2018.
Firm states no material impact requiring disclosure currently and will make appropriate disclosures when proceedings conclude.
Company is working with legal advisers Regstreet Law Advisors to provide full cooperation to SEBI in the ongoing matter.