Major relief to 63 moons and others
- 63 moons had an Rs.300 crore investment in the AT1 bond of Yes Bank
- Lakhs of bondholders will also benefit
Mumbai, January 20, 2023: In a major relief to 63 moons and others, the Bombay High Court today set aside the order of Yes Bank administrator which had written down AT1 bonds of more than Rs.8,300 crore overnight leaving investors high and dry.
This will benefit all bondholders including 63 moons technologies which held bonds worth Rs.300 crore.
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