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Vedanta says evaluating Sebi order imposing fine on its unit, Cairn India

Vedanta Ltd on Friday said it is evaluating a SEBI order imposing a fine of Rs 5.25 crore on its erstwhile unit, Cairn India for allegedly making a misleading public announcement of buyback of shares on January 14, 2014. SEBI earlier this week also penalised P Elango, who was the then chief executive officer and director of Cairn, and two other directors, Aman Mehta and Neerja Sharma. They have been asked to pay Rs 15 lakh each. The company has received an adjudication order dated May 19, 2021, from SEBI imposing a penalty. on erstwhile Cairn India Limited (which got merged with Vedanta Limited in 2017) and other noticees, Vedanta said in a regulatory filing.

Raman mehtaNeerja sharmaCairn indiaVedanta ltd onVedanta ltdCairn india limitedVedanta limitedஒரு மனிதன் மேத்தாநீர்ஜ ஷர்மாகெய்ன் இந்தியாவேதாந்தா லிமிடெட் ஆன்வேதாந்தா லிமிடெட்கெய்ன் இந்தியா வரையறுக்கப்பட்டவைவேதாந்தா வரையறுக்கப்பட்டவை

Misleading Announcement Of Share Repurchase, Cairn India Fined Rs 5 25 Crore By Sebi - सेबी सख्त: शेयर पुनर्खरीद की भ्रामक घोषणा, केयर्न इंडिया पर 5 25 करोड़ रुपये लगाया जुर्माना

Misleading Announcement Of Share Repurchase, Cairn India Fined Rs 5 25 Crore By Sebi - सेबी सख्त: शेयर पुनर्खरीद की भ्रामक घोषणा, केयर्न इंडिया पर 5 25 करोड़ रुपये लगाया जुर्माना
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Amar ujalaSurender joshiRaman mehtaNeerja sharmaNational stock exchange of indiaCompanya vedantaExchange boardCairn indiaMain executiveDirector boardCompany secretaryNational stock exchangeஅமர் உஜலாஒரு மனிதன் மேத்தாநீர்ஜ ஷர்மாதேசிய ஸ்டாக் பரிமாற்றம் ஆஃப் இந்தியா

Torrent Pharma share gains 6% post Q4 earnings- Business News

Torrent Pharma share gains 6% post Q4 earnings For the fiscal year 2021, net profit stood at Rs 1,252 crore as compared to Rs 1,052 crore in FY20. Revenue from operations grew 0.8 per cent to Rs 8,005 crore from Rs 7,939 crore in the previous year BusinessToday.In | May 19, 2021 | Updated 12:13 IST Representative Image Share of Torrent Pharma rose 6 per cent to hit an intraday high of Rs 2,891.55 after the company reported a 3 per cent rise in Q4 net profit. The company reported a consolidated net profit of Rs 324 crore for the quarter ended March 31 compared with a net profit of Rs 314 crore in Q4 FY20. The stock has gained 13 per cent in one year and risen 0.83 per cent since the beginning of this year. Torrent Pharma share trades higher than 5 day, 10 day, 20 day, 50 day, 100 day, and 200 day moving averages. Market cap of the firm rose to Rs 47,844.34 crore.

Motilal oswalEli lillyRaman mehtaTorrent pharmaceuticals limitedTorrent groupTorrent pharmaChief marketing officerTorrent pharma stockTorrent pharma share priceTorrent pharma resultsOrrent pharma earningsMarch quarter earningsமோட்டிலால் ஒசுவள்எலி லில்லிஒரு மனிதன் மேத்தாநீரோடை மருந்துகள் வரையறுக்கப்பட்டவை

Sebi imposes Rs 5 25 cr fine on Cairn India in share buyback case

Buyback fraud : SEBI imposes fine of ₹5 25 crore on Cairn India

May 19, 2021 P Elango, 2 others charged ₹15 lakh each; firm lured investors with ‘misleading announcement’ Cairn India, the leading oil and gas player that was merged with Vedanta Ltd, has been found guilty of stock market fraud by market regulator SEBI. The Securities and Exchange Board of India’s investigations found that Cairn misled public shareholders with its share buyback announcement in 2014 that was actually designed to induce the public to trade in the shares of Cairn. SEBI has imposed a fine of ₹5.25 crore on Cairn. Further, SEBI says that P Elango, the then CEO and Director of Cairn, along with other company directors Aman Mehta and Neerja Sharma facilitated the company in making the said misleading announcement. All the directors have been fined ₹15 lakh each.

Raman mehtaNeerja sharmaVedanta ltdExchange board of indiaNational stock exchangeCairn indiaExchange boardUnfair trading practicesBuyback fraudSebi imposes fineP elangoAman mehta and neerja sharmaஒரு மனிதன் மேத்தாநீர்ஜ ஷர்மாவேதாந்தா லிமிடெட்பரிமாற்றம் பலகை ஆஃப் இந்தியா