Madhu Kapur and family give up as Yes Bank promoters5 min read . Updated: 30 May 2020, 08:28 PM IST
The Kapur family had finally managed to get powers akin to their co-promoter Rana Kapoor in terms of board control and selection of directors for the bank on 30 January 2019
After fighting a number of courtroom battles for several years, dealing with bitter family disputes, blaming co-promoters for unfair practices and persistently putting a brave front on to gain board control in Yes Bank Ltd., on Saturday, in a dramatic move the family of the bank’s late co-founder Ashok Kapur-- Madhu Kapur, Shagun Kapur Gogia, Gaurav Kapur and Mags Finvest Pvt Ltd. ( a Madhu Kapur group entity) – decided to give up their status as Yes Bank promoters.
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