Craftsman Automation Limited IPO to open on March 15, 2021, Price band fixed at ₹1,488 to ₹1,490 per Equity Share
Posted On: 2021-03-09 09:00:40 (Time Zone: Arizona, USA)
Craftsman Automation Limited (the Company ), a diversified engineering company with vertically integrated manufacturing capabilities, engaged in three business segments, namely powertrain and other products for the automotive segment ( Automotive - Powertrain and Others ), aluminium products for the automotive segment ( Automotive - Aluminium Products ), and industrial and engineering products segment ( Industrial and Engineering ) will open the initial public offer of equity shares of face value of ₹5 each ( Equity Shares and such initial public offer, the Offer ) on March 15 2021. The Offer will close on March 17 2021.-maintain consistency in the style of writing dates The price band of the Offer has been fixed at ₹1,488 to ₹1,490 per Equity Share.
Indigo s parent company settles case with SEBI over norm violations 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.
IndiGo Parent Company InterGlobe Aviation Settles SEBI Case for Allegedly Violating Norms
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 settlement order.
View of IndiGo flight. Photo: PTI
Business10/Feb/2021
New Delhi: InterGlobe Aviation, the parent of the country’s largest airline IndiGo, has settled with SEBI a case of alleged corporate governance lapses and listing norms violations that were raised by the company’s co-promoter Rakesh Gangwal.
The company has settled the matter “without admitting or denying any violation on its part,” by paying a settlement charge of Rs 2.1 crore, according to a SEBI order passed on Tuesday.
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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 investigation based on several complaints from Rakesh Gangwal, co-founder and director of Interglobe Aviation.
The complaints alleged several violations regarding compliance of corporate governance norms, related party transactions between the company and the IGE Group , timely intimation of important information to the board of directors of InterGlobe and misrepresentation made by the the company in its Red Herring Prospectus dated October 16, 2015.
The company had last month file an application before the capital market regulator seeking to close the case.
InterGlobe Aviation settles case with Sebi amid promoters feud
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InterGlobe Aviation settles case with Sebi amid promoters feud
PTI / Feb 9, 2021, 21:45 IST
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(Representative image)
NEW DELHI: InterGlobe Aviation, the parent of the country s largest airline IndiGo, has settled with Sebi a case of alleged corporate governance lapses and listing norms violations that were raised by the company s co-promoter Rakesh Gangwal.
The company has settled the matter without admitting or denying any violation on its part, by paying a settlement charge of Rs 2.1 crore, according to a Sebi order passed on Tuesday.
The order comes more than a year after InterGlobe Aviation s co-promoter Gangwal alleged corporate governance lapses at the company. Gangwal and co-promoter Rahul Bhatia have differences over certain corporate governance matters. Bhatia camp had rejected the allegations.