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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  

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