Nippon Life India AMC Gets Regulator Nod for Bond Case
Nippon Life India Asset Management received in-principle approval from India's markets regulator to settle a dispute regarding its past investments in Yes Bank AT1 bonds.
Insights:
Nippon Life India Asset Management secured in-principle regulatory clearance in India on Thursday morning to settle a dispute over past investments in Yes Bank Additional Tier-1 bonds. The asset manager resolved the overhang stemming from legacy debt holdings in the troubled lender. The settlement removes a regulatory cloud over the fund house as authorities finalize the terms of the resolution.
