Sebi Rejects Anil Ambani’s Settlement Plea Over Yes Bank Investments, Documents Show
In a significant regulatory development, the Securities and Exchange Board of India (Sebi) has rejected industrialist Anil Ambani’s settlement application relating to alleged violations in connection with investments in Yes Bank bonds. Official documents indicate that the settlement plea, which was aimed at resolving the matter without prolonged litigation, did not meet the regulator’s criteria…