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Rana Kapoor and family eye sale of business stakes to repay dues

Updated : September 18, 2019 02:33 PM IST

Yes Capital and Morgan Credits, holding companies controlled by Rana Kapoor and his family, are looking to pay part of the debt from Reliance Mutual Fund and Franklin Templeton via this monetisation drive, the sources said.
Yes Capital owns 3.26 percent stake and Morgan Credits 3.03 percent as part of the promoter group shares in Yes Bank as of June 2019, data from stock exchange filings showed.
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