The order came after the six entities filed settlement applications with the Sebi in October 2023, proposing to settle the pending proceedings through a settlement order without admitting or denying the findings of fact and conclusions of law.
Invesco Asset Management India, its CEO Saurabh Nanavati and four others on Wednesday settled with markets regulator Sebi a case on alleged non-segregation between the mutual fund activities and portfolio management activities of the company after payment of nearly Rs 5 crore.
Invesco AMC, 5 staff settle case with SEBI for ₹4.98 crore - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
In January this year, an application was submitted to settle the case by paying a penalty of Rs 4.98 crore, which SEBI accepted at its February meeting. The money was deposited by Invesco and its officials this month.
Invesco AMC Launches 2 Target Maturity Index Funds To Cash In On High Interest Rates—Should You Buy It? outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.