Yes Bank’s Kapoor pledges entire promoter stake as stock plunges

Yes Bank’s Kapoor pledges entire promoter stake as stock plunges

Yes Bank co-founder Rana Kapoor.

Yes Bank co-promoters Rana Kapoor and his family owned firm Morgan Credits Pvt. Ltd (MCPL) have been forced to pledge their entire 7.34% stake with Reliance Nippon Life Asset Management Ltd (RNAM), asset manager of Reliance Mutual Fund (MF). The move follows the mutual fund converting a previously unsecured loan into a secured loan.

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