INSUBCONTINENT EXCLUSIVE:
considered close to CEO Rana Kapoor met Shagun Gogia, daughter of copromoter Madhu Kapur, to share balance sheet details and get the latter
earlier weekend conference that involved the presence of the three sisters, Madhu Kapur, Bindu Kapoor, and Neeru Puri
Bindu Kapoor is the wife of Rana Kapoor
Madhu Kapur is the wife of late Yes Bank co-founder Ashok Kapur
plan shared by the Rana Kapoor group, which included an equal right for both the promoters to nominate three whole-time directors on the
But ultimately the court order of 2015 will form the base for any settlement
2015, the Bombay High Court recognised Madhu Kapur and her children Shagun Kapur Gogia and Gaurav Kapur as successors of late co-founder
Ashok Kapur, giving them the right to nominate directors
However, Yes Bank and Rana Kapoor have challenged the ruling in front of a twojudge bench.
Shagun Gogia did not reply to an email seeking
A Yes Bank spokesperson also did not respond.
On Wednesday the bank announced that its search committee had hired the US-based Korn Ferry to
starting point for any negotiation
The fact that a senior bank executive has reached out to the opposite camp is an indication that Kapoor might be willing to agree, said the
nominated by both promoters
183.
The Rana Kapoor group owns 10.7 per cent, while the Madhu Kapur group owns 9.3 per cent stake in the bank.
