Sebi imposes Rs 3 lakh fine on Salputri Commerce for delayed disclosure
Sebi has imposed Rs 3 lakh fine on Salputri Commerce for delayed disclosure regarding change in its shareholdings in Falcon Tyres.
According to a Sebi order dated August 7, Falcon had allotted over 1.30 crore shares, amounting to 16.80 percent of its share capital, to Salputri Commerce in 2012.
Under PIT (Prohibition of Insider Trading) Regulations, Sariputra was required to disclose the acquisition of shares within two working days to the firm.
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