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Sebi Imposes Fine On Indiabulls Venture Officials After Cairn India - सेबी सख्त: केयर्न इंडिया के बाद अब इंडियाबुल्स वेंचर अधिकारियों पर लगाया 1 05 करोड़ का जुर्माना

Sebi Imposes Fine On Indiabulls Venture Officials After Cairn India - सेबी सख्त: केयर्न इंडिया के बाद अब इंडियाबुल्स वेंचर अधिकारियों पर लगाया 1 05 करोड़ का जुर्माना
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Sebi imposes Rs 5 25 crore penalty on Cairn India

Sebi has imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding the buyback of shares in 2014. The market regulator has also levied a fine of Rs 15 lakh each on P. Elango, who was the CEO and director of Cairn, Aman Mehta, then a director on the company’s board, and Neerja Sharma, who was director (risk assurance) and company secretary. Sebi said the three officials had signed the public advertisement regarding the buyback in January 2014 and facilitated the company in making the misleading announcement. After a detailed investigation, Sebi found that Cairn did not place adequate buy orders despite the availability of adequate sell orders on the  NSE.

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.

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
amarujala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amarujala.com Daily Mail and Mail on Sunday newspapers.

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