Sebi slaps fine of Rs 25 cr on RIL promoters for violation of takeover norm
SECTIONS
Last Updated: Apr 07, 2021, 07:04 PM IST
Share
Synopsis
Allegations were raised that RIL’s promoters acquired 6.83 per cent stake in the company between March 1999 to March 2000 through conversion of 3 crore warrants issued to them back in 1994.
Agencies
The order said that RIL’s promoters and persons acting in concert failed to disclose the acquisition of more than 5 per cent stake in the company back in 2000.
Related
NSE
Explore Now
MUMBAI: The Securities and Exchange Board of India today imposed a Rs 25-crore penalty on the promoters of
SEBI Imposes ₹ 25 Crore Penalty On Mukesh Ambani, Anil Ambani & Family For
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
SEBI relaxes norms for listing of start-ups; allows discretionary allotment to eligible investors
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.