owes to Indiabulls Housing Finance
Rs 662 crore via additional tier 1 (AT-1) bonds,” according to a regulatory filing.
The investments in AT-1 bonds of YES Bank
were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over $10 billion in value, the filing said.
Sameer Gehlaut, promoter of Indiabulls Housing Finance, or any of his companies
or any of his family member companies
have no loans outstanding from YES Bank, the non-banking finance company said further.