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Nippon Life India MF investors lost over Rs 1,800 crore due to Yes Bank AT-1 bond exposure, says Sebi
Sebi's allegation of a quid pro quo are significant and the regulator has sought an explanation from Nippon Life India MF as to why the management fee of Rs 88.60 crore that the AMC earned should not be disgorged, along with a possible debarment for an 'appropriate period'.
Sebi's allegation of a quid pro quo are significant and the regulator has sought an explanation from Nippon Life India MF as to why the management fee of Rs 88.60 crore that the AMC earned should not be disgorged, along with a possible debarment for an 'appropriate period'.
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