Mumbai News: CBI Initiates Probe Against ISSL In ₹330 Cr Bank Fraud Case freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration certificate of Allied Financial Services Pvt Ltd (AFSPL), granting disproportionate exposure and promising assured returns to clients, misreporting data, dealing with unregistered entities and failing to maintain sufficient net worth.
SEBI Penalises IL&FS Securities and Allied Financial Services For Fraudulent Transfer of Mutual Fund Units From Dalmia Cement and OCL s Accounts moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Stock in news: Reliance, Future Retail, Dalmia Bharat, Vedanta, SBI Cards
Shares of Reliance, SBI, Future Retail, Dalmia Bharat, Vedanta, SBI Cards will be in focus in Monday s trading session
BusinessToday.In | April 5, 2021 | Updated 09:54 IST
Stocks to watch today: Reliance, SBI, Future Retail, Dalmia Bharat, Vedanta, SBI Cards
The domestic bourses, Sensex and Nifty, are expected to open lower on Monday, tracking negative trading at Nifty futures on the Singapore Exchange. Among the individual stocks, shares of Reliance Industries, State Bank of India, Future Retail, Dalmia Bharat, Vedanta, SBI Cards, Britannia Industries and Adani Enterprises will be in focus in Monday s trading session.
Dalmia Bharat receives securities worth ₹344 cr back from IL&FS Securities
PTI
New Delhi |
Updated on
April 05, 2021 Cement maker Dalmia Bharat Ltd on Friday said that securities worth ₹344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court.
Mutual fund units of its two erstwhile subsidiaries were earlier “fraudulently and illegally transferred” by Allied Financial Services Pvt Ltd (AFSPL) “in collusion with IL&FS Securities Services Limited (ISSL),” Dalmia Bharat said in a regulatory filing.
The two subsidiaries were of Dalmia Bharat’s step-down firm Dalmia Cement (Bharat) Limited (DCBL). “We hereby further update that the said Securities of DCBL lying with ISSL were released in favour of DCBL and credited back to its demat account as per said order of the Supreme Court,” it said.