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Stock Market Live Updates: Sensex surges past 70,000, Nifty inches up

Stock Market Live Updates: Sensex surges past 70,000, Nifty inches up
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Big relief to Apollo Tyres as Supreme Court dismisses Sebi appeal, ET Auto

In 2018, Sebi had penalised Apollo Tyres on the grounds that 6.90 lakh shares of Apollo Tyres were bought back by the company and its promoters in contravention of the relevant section of the Companies Act and Sebi regulations. A bench led by Justice Sanjiv Khanna during the hearing pulled up Sebi for appealing against the SAT orders and also asked it to give a list of appeals that it had filed against the tribunal s orders.

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SAT quashes Sebi penalty on Apollo Tyres in 2003 share buyback case

The Securities Appellate Tribunal Wednesday quashed the order passed by Sebi imposing a fine of ₹65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares in 2003 and directed the market regulator to refund the deposited penalty amount within four weeks

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SEBI Amends Buy Back of Securities Regulations

Securities and Exchange Board of India SEBI vide its notification dated February 7, 20231 amended SEBI Buy-Back of Securities Regulations, 2018. Amendment shall come into force on thirtieth day from date of publication in the official gazette.

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Nucleus Software Exports Limited board approves buy back at Rs 700 per share

Nucleus Software Exports Limited board approves buy back at Rs 700 per share
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