Yes Bank may name Shagun as board member
TNN | Jan 31, 2019, 09:37 IST
Shagun Kapur Gogia: TOIMUMBAI: Yes Bank is likely to nominate to its board Shagun Kapur Gogia, according to sources. Shagun is the daughter of Madhu Kapur, and the late Ashok Kapur who co-promoted Yes Bank along with Rana Kapoor. Madhu has been fighting a legal battle with her brother-in-law Rana for a board seat for her daughter. The possible board nomination comes after a truce between the two factions.
Shagun began her career with Rabo Finance India where she worked in the corporate finance team and in M&A & private equity placements in IT, BPO and biotech.
Between 2004 and 2007, she was vice-president at ICICI Venture where she closed five private equity deals. In 2007, she left the group to set up Tuscan Ventures to invest in the logistics sector. Since then, the fund has diversified and invested in analytics, wealth management and fintech lending.
Rana had earlier opposed her nomination to the board, which rejected the proposal on the grounds that it was not good practice to have more than one member of a family. Considering that she was related to Kapoor, her nomination was rejected at that time.
In terms of the recent truce, both the factions will nominate one director each. It is not clear whether there will be an additional nomination considering that Rana is already on the board of the bank. Shares of Yes Bank were down 1.6% at Rs 199 on Wednesday
Shagun began her career with Rabo Finance India where she worked in the corporate finance team and in M&A & private equity placements in IT, BPO and biotech.
Between 2004 and 2007, she was vice-president at ICICI Venture where she closed five private equity deals. In 2007, she left the group to set up Tuscan Ventures to invest in the logistics sector. Since then, the fund has diversified and invested in analytics, wealth management and fintech lending.
Rana had earlier opposed her nomination to the board, which rejected the proposal on the grounds that it was not good practice to have more than one member of a family. Considering that she was related to Kapoor, her nomination was rejected at that time.
In terms of the recent truce, both the factions will nominate one director each. It is not clear whether there will be an additional nomination considering that Rana is already on the board of the bank. Shares of Yes Bank were down 1.6% at Rs 199 on Wednesday
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