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Indiabulls Ventures promoter Sameer Gehlaut, 5 others settle case with Sebi

Sebi agreed to settle proposed adjudication proceedings after it was approached by Sameer Gehlaut and the promoter entities.

Sebi probes sharp fall in the midcap stocks amid unfair trade allegations

Indiabulls Ventures promoter Sameer Gehlaut and five other promoter entities have settled an investigation by market regulator Sebi into the alleged violation of “takeover regulations” after paying Rs 48 lakh as settlement fee. Sebi agreed to settle proposed adjudication proceedings after it was approached by Gehlaut, Orthia Properties, Orthia Constructions, Zelkova Builders, Innus Properties and Innus Developers with a plea to settle the matter "without admitting or denying the findings of fact and conclusions of law" through a settlement ...