Shareholding disclosure lapses: Sebi settles case with 2 entities
Two companies today settled cases related to alleged shareholding disclosure lapses with markets regulator Sebi after they paid nearly Rs 5 towards settlement charges. According to two separate Sebi orders, Kumabhi Investments has paid Rs 2.82 lakh, while Abhikum Leasing and Investments has shelled out Rs 2.01 lakh.
Sebi agreed to settle proposed adjudication proceedings in the matter of SBEC Sugar after it was approached by these two entities. Image source: Reuters