HDFC Bank announced that the Securities & Exchange Board of India
(SEBI), vide its Final Order dated 21 January 2021 (the Order), has levied a monetary penalty of Rupees One Crore payable by the Bank in terms of Section 15HB of the SEBI Act, in the matter of M/s.
BRH Wealth Kreators , for non]compliance with the Interim Order issued by SEBI concerning the said matter.
Further, the Bank has been directed vide the Order to transfer an amount of Rs. 158.68 crore along with interest from 14 October 2019 till date, calculated at the rate of 7% p.a. to an interest bearing Escrow Account in any nationalized bank, by marking a lien in favour of SEBI, until the issue of settlement of clientsf securities (clients of the stockbroker) is
SEBI approves Reliance-Future deal, BSE grants no-adverse-observation status
The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August
PTI | January 21, 2021 | Updated 07:55 IST
Market regulator SEBI gave a go-ahead on Wednesday to Future Group s scheme of arrangement and sale of assets to Reliance, based on which the Bombay Stock Exchange also granted its no adverse observation report to the Rs 24,713-crore deal. Amazon had written several letters to the SEBI and other regulatory agencies to suspend their review of the deal and not grant it a no objection certification on ground that its challenge to the agreement was before the Delhi High Court.
Read more about RIL, Future Group shares in demand after Sebi nod on Business Standard. Shares of Reliance Industries (RIL) and Future Group companies were in demand after the market regulator Sebi approved the deal between the two, subject to a number of conditions in the composite scheme of arrangement.
Mumbai (Maharashtra) [India], January 21 (ANI): The Securities and Exchange Board of India (SEBI) has approved the Rs 24, 713 crore deal between Kishore Biyani-led Future Group and Reliance Retail.
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