Markets regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 10 lakh on Eicher Motors for failing to exercise due diligence in a case pertaining to issuance of duplicate shares or new certificates.
Capital markets regulator SEBI imposed a penalty of Rs 10 lakh on Eicher Motors on Wednesday for failing to exercise due diligence in a case pertaining to issuance of duplicate shares or new certificates.
By redeeming all units in Taurus Liquid Fund and Taurus Ultra Short Term Bond Fund in February 2017, Karvy Computershare made unlawful gain of about Rs 1.2 crore, Sebi said in an order.