The Supreme Court has returned a penalty case to the Securities Appellate Tribunal concerning a Rs 5.25 crore penalty imposed on Cairn India over its 2014 share buyback. The tribunal had annulled SEBI’s earlier decision, which accused Cairn of misleading investors and lacking adequate purchase orders. The tribunal is set to reevaluate the matter thoroughly.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.