Yes Bank update on promoter group entity Morgan Credits
(24 Sep 2019)
Yes Bank announced that Morgan Credits, part of the Promoter Group of Yes Bank has today PREPAID a substantial portion of its
outstanding Non-Convertible Debentures (NCDs). These NCDs were subscribed by various schemes of
Reliance Nippon Life Asset Management Company (“RNAM”) and is the ONLY borrowing of Morgan Credits. The total
prepayment (including interest) to RNAM is now Rs 792 crore, well ahead of the NCDs scheduled maturity
date of April 2021.