After Ashok Kapur, the founding chairman of the bank, died in the November 2008 Mumbai terror attack, the relations between his family and Rana Kapoor, who are related, soured. In a regulatory filing on Tuesday, the bank said the Kapur family had agreed to reclassify its shareholding as “non-promoter” as per an intimation on May 30. It is a mystery as to why the world entered one, The factors that cause Delhi's air quality to dip this time of the year, 'Puja will be complete when Durgas on the road reach home': Artisans in Kolkata. The Rs 15,000-crore bailout was necessitated due to Rana Kapoor’s alleged mishandling of affairs while at the helm. The suit was withdrawn following reclassification of the family’s holding and the Bombay High Court allowed the withdrawal, the bank said. 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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. On 19 October, Mint reported that Rana Kapoor approached Madhu Kapur with a proposal to combine their stakes and form a joint promoter group. Madhu Kapoor is an actress, known for Baadal (1985), Siskiyan (1983) and Commander (1981). Copyright © 2020 The Indian Express [P] Ltd. 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Synopsis Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013. In a regulatory filing on Tuesday, the bank said the Kapur family had agreed to reclassify its shareholding as "non-promoter" as per an intimation on May 30. as of 3/6/18 Newcomer Madhu Kapur gets her fortune from a 9.3% stake in Bombay Stock Exchange-listed Yes Bank. Kapoor was arrested by law enforcement agencies after the bailout. Yes Bank had to be bailed out earlier this year by a consortium of lenders led by SBI as part of a process driven by the Government and the RBI. After Ashok Kapur, the founding chairman of the bank, died in the November 2008 Mumbai terror attack, the relations between his family and Rana Kapoor, who are related, soured. The share sale was done through a block deal on the NSE data on the stock exchange showed. Mumbai, Jun 9 () Private lender Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a case filed against it in 2013. (This story has not been edited by Business Insider and is auto-generated from a syndicated feed we subscribe to.). The sale makes about 14% of Kapur's stake. Private lender 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 suit also sought to restrain individual directors from acting as such or holding themselves out as directors of the bank, and restrain the bank from making or continuing with any application to any regulator/authorities for reclassifying the Kapur familys shareholding into a non-promoter shareholding. Madhu Kapur in her suit had sought various reliefs including recognition of the family’s right to participate in the management of the bank. Madhu Kapoor, Actress: Baadal. 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. 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Click here to join our channel (@indianexpress) and stay updated with the latest headlines. Prior to the sale Kapur held 17.6 crore shares the the bank. Bigg Boss 14 October 24 episode LIVE UPDATES: Kavita Kaushik and Naina Singh to enter the house today? All rights reserved.For reprint rights. Private lender 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. Madhu Kapur wife of late Yes Bank NSE 0.38 % co founder Ashok Kapur has sold about 2.5 crore shares of the bank at Rs 65 a piece netting her Rs 161 crore. The Kapur family now owns about 1.50 per cent in the bank and are classified as public shareholders. 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Mumbai, Jun 9 () Private lender Yes Bank on Tuesday said that Madhu Kapur, wife of the bank's late co-founder Ashok Kapur, and her family have withdrawn a … The Kapur family now owns about 1.50 per cent in the bank and are classified as public shareholders. 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. Private lender 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 …

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