SEBI Imposes Rs 8 Lakh Fine on Intercon Finance, 4 Other Entities for Violating Takeover Norms - (27 Dec 2019)
CAPITAL MARKET
Securities and Exchange Board of India while Acting against contravention of takeover norms has slapped a total fine of Rs 8 lakh on Intercon Finance Pvt Ltd and four other entities. The fine amount has to be paid "jointly and severally" by Intercon Finance and Munjal M Jaykrishna, Radhika Jaykrishna, Gokul M Jaykrishna and Paru M Jaykrishna. The matter pertains to acquisition of shares of AksharChem (India) Ltd by the entities.
Tags : SEBI TAKEOVER
Share :
|