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Japanese firm Minebea Mitsumi settles takeover norms violation case with Sebi; pays Rs 17 lakh PTI Minebea Mitsumi Inc has settled with Sebi a case of alleged delay in making a public offer in respect of the acquisition of shares in Jay Ushin Ltd, on payment of a little over Rs 17 lakh towards settlement charges. This comes after Minebea Mitsumi approached the Securities and Exchange Board of India (Sebi) to settle the case. Consequently, Sebi, through a settlement order passed on April 19, said the proceedings that may have been initiated for the defaults . be settled qua the applicant . Besides, the regulator said it will not initiate enforcement action against the applicant for the said defaults. ....