Note: Subscription will be auto renewed, you may cancel any time in the future without any questions asked. At the time of leaving the bank this January, he had held close to 13 per cent. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. By: PTI | Updated: Oct 11, 2019 10:39 AM. When asked about the ‘promoter’ tag, she said it is governed by Securities and Exchange Board of India (Sebi) and her family will continue to be recognised as one even in the case of the capital raising. Your support through more subscriptions can help us practise the journalism to which we are committed. The transaction brought down Madhu Kapur’s shareholding in the bank to 5.9 percent from 6.87 percent earlier. The bank first informed the bourses during the day, saying Sebi has admitted its application for the de-classification of its founding promoters Rana Kapoor and Madhu Kapur families and firms linked to them. 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During the 16 years of Yes Bank’s journey from inception until its collapse, Ashok Kapur’s family has had a strained relationship with Rana Kapoor, … Digital Editor. ICICI Prudential Bluechip Fund Direct-Growth, Mirae Asset Emerging Bluechip Fund Direct-Growth. It was sheer luck that saved Madhu Kapur. Enjoy Reading! Track the industry of your choice with a daily newsletter specific to that The current board has one member each nominated by both the families and a third-one jointly nominated. Vistara to operate more flights; Check routes, dates, NTPC ranks first among Indian PSUs in Forbes' 'World's Best Employer 2020', Risk averse banks continue to lend with caution; bank credit up marginally, deposit growth stable, Income tax return filing deadline for FY20 extended till December 31, 'Exciting new discovery'! Your Reason has been Reported to the admin. This product is a monthly auto renewal product. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Let's reshape it today, Hunt for the brightest engineers in India. “I don’t view being the largest shareholder as a tag and will be fine diluting it (the stake) after the fund raising, if required and if it serves the interest of the bank better,” she said. Prime Minister Modi has all of these in full measure. He also made some distress sale of his shares in recent months. Kapoor resides in Mumbai and is married to Bindu Kapoor. Ashok Kapur family backs Yes Bank management; ready to dilute stake. "I'm also confident that we will shed our past and transform into the future," she added, commenting on the bank's journey ahead as it looks to on-board new investors that may include a global tech giant. When asked about the 'promoter' tag, she said it is governed by Securities and Exchange Board of India (Sebi) and her family will continue to be recognised as one even in the case of the capital raising. Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013. The family's ownership is over 8.7% and very miniscule part of it is pledged, Ashok Kapur's daughter said. Poetic justice for Ashok Kapur’s family and Harkirat Singh? The present management is led by chief executive Ravneet Gill who took charge in March after Kapoor was asked to leave by January 31 by the monetary authority in August 2018. Any thoughts if this is a good entry point? The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018. 172@29@17@106!~!172@29@0@53!~!|news|business|the-unending-pain-of-yes-banks-co-founder-ashok-kapurs-family-5051141.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false. We believe in free, fair and credible journalism. The CBI named his wife, Bindu, and all three daughters, as co-accused in the 2020 case of money … “Any great leader of a nation must have three essential attributes: a vision, a mission and charisma. The case was filed by Kapur when the family was locked in a pitched battle with the bank, then headed by Rana Kapoor who was subsequently dismissed by RBI in 2018. They have three daughters, Radha Kapoor Khana, Rakhee Kapoor Tandon, and Roshini Kapoor. This tug of war continued for several years. Like us on Facebook and follow us on Twitter. Yes Bank on Wednesday said it has applied to the stock exchanges for r... Rana Kapoor group's holding came down to 0.80% after the invocation of a pledged shares. Exclusive content, features, opinions and comment – hand-picked by our editors, just for you. Kindly visit the Manage my subscription page to discover the benefits of this programme. Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Why follow tips? Ashok married Neena Kapur (nee Vinaik) on month day 1964, at age 25. The share sale sums up the rollercoaster ride of the Kapur family. Kapoor’s conflict with co-founders didn’t begin with Ashok Kapur’s family. Choose your reason below and click on the Report button. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. She said, given the strong business franchise, there are many investors who are keen to enter the bank. To cancel, communicate from your registered email id and send the email with the cancellation request to. 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Support quality journalism and subscribe to Business Standard. She, however, declined to comment if the Kapoor family will cease to have a say in board appointments as his holding is now under one per cent. Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013. It can be noted that Rana Kapoor group's holding in the bank has come down to 0.80 per cent after the invocation of a pledged shares by an asset manager, from whom the family had borrowed by pledging shares. "Regulatory compliance, risk management and governance functions are fully streamlined at present at the bank and I am 100 per cent confident that governance and transparency issues are also behind us," Gogia told PTI. "Our family has not decided a floor to which we can go down to in the event of new fund infusion. Tomorrow is different. Petty family gains has resulted in great loss of share value of the common people.pathetic, Inciting hatred against a certain community, India's 1st Online Instant Personal Loan Marketplace. "I don't view being the largest shareholder as a tag and will be fine diluting it (the stake) after the fund raising, if required and if it serves the interest of the bank better," she said. 10 Jun, 2020, 12.08 AM IST Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content.
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