InterGlobe Aviation pays ₹2.10 crore to SEBI to settle alleged violation of norms
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SEBI disposed of the proceedings against InterGlobe Aviation, according to news agency
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InterGlobe Aviation Ltd has settled a case with the Securities and Exchange Board of India involving alleged violation of corporate governance norms raised by its co-founder and director Rakesh Gangwal. The company paid ₹2.10 crore to the regulator. The company settled the matter without admitting or denying any violation on its part, by paying a settlement charge of ₹2.1 crore, according to a SEBI order, reported
PTI. The watchdog initiated an investigation against the airlines after it had received several complaints from Rakesh Gangwal alleging several violations.
InterGlobe Aviation Ltd, the parent company of IndiGo, has paid Rs 2.1 crore to SEBI towards settlement in a case over alleged violations of corporate governance norms.The Securities and Exchange Board of India (SEBI) had conducted an .
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Mumbai: InterGlobe Aviation, parent of India’s largest airline Indigo, has settled a case with the Securities and Exchange Board of India(Sebi) for alleged violation of corporate governance norms by paying Rs 2.10 crore as settlement charges. The capital markets regulator said pending adjudication proceedings,
InterGlobe Aviation proposed to settle the instant proceedings initiated against it, without admitting or denying the findings of fact and conclusions of law, through a consent order. ET reported on Tuesday that InterGlobe had moved Sebi to settle the violation through the consent process.
The capital markets regulator said in its order on Tuesday, Rakesh Gangwal, co-founder of InterGlobe Aviation, had in his complaint alleged several violations including non-compliance of corporate governance norms by the company, related party transactions(RPT) between InterGlobe Aviation and the IGE Group, delay in disclosure of important information to the company s board
Indian Railway Finance Corporation Limited IPO to open on Monday, January 18, 2021
Posted On: 2021-01-13 08:58:43 (Time Zone: Arizona, USA)
Indian Railway Finance Corporation Limited (the Company ), the dedicated market borrowing arm of the Indian Railways, will open the Bid/ Issue Period in relation to its initial public offering of equity shares of face value of Rs. 10 each ( Equity Shares and such initial public offering, the Issue ) on Monday, January 18, 2021. The Bid/ Issue Period will close on Wednesday, January 20, 2021. The price band of the Issue has been fixed at Rs 25 to Rs 26 per Equity Share.
Initial Public Offering of up to 1,782,069,000 Equity Shares of face value of Rs. 10 each. The initial public offering comprises of a fresh issue of up to 1,188,046,000 Equity Shares ( Fresh Issue ) and an offer for sale of up to 594,023,000 Equity Shares by the President of India, acting through the Ministry of Railways ( Selling Shareholder ) ( Offer For Sale ). The
SEBI bans two individuals for two years for irregularities in Timbor Home IPO
The regulator had conducted an investigation for the period of June 22 to July 8, 2011 into the scrip of Timbor Home Ltd. The company came out with its IPO in 2011
PTI | December 16, 2020 | Updated 17:38 IST
Timbor Home had also inflated its purchases and sales figures for the years 2010-11 and 2011-12
Sebi has barred two individuals from accessing the securities market for two years for irregularities in the IPO of Timbor Home Ltd (THL) back in 2011.
The individuals Anant Sureshchandra Maloo and Manan Vidhyapati Patel were the directors of the company during the period of Initial Public Offer (IPO).