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Sebi imposes Rs25-cr penalty on Ambani brothers and others for takeover rules violation
08 April 2021
The Securities and Exchange Board of India (Sebi) on Wednesday imposed a penalty of Rs25 crore on Mukesh Ambani, Anil Ambani and other individuals as also various entities belonging to the Reliance Group, for non-compliance of takeover norms in a two-decade-old share issue in the company.
The adjudicating officer (AO) of the Securities and Exchange Board of India (SEBI) imposed a joint penalty of Rs25 crore on Mukesh and Anil Ambani along with their family members for violation of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Growth in telecom ARPU likely to drive industry revenues, margins: ICRA
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Last Updated: Apr 12, 2021, 04:21 PM IST
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Recently, RJIL entered into a spectrum trading arrangement with Airtel to acquire more spectrum in the 800 MHz band.
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ICRA expects total industry debt to remain elevated at Rs.5 lakh crore as of March 31, 2022.
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