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Sebi imposes Rs 3 lakh fine on Salputri Commerce for delayed disclosure

Press Trust of India  |  New Delhi 

Sebi has imposed Rs 3 lakh fine on Salputri Commerce for delayed disclosure regarding change in its shareholdings in

According to a Sebi order dated August 7, Falcon had allotted over 1.30 crore shares, amounting to 16.80 per cent of its share capital, to Salputri Commerce in 2012.

Under PIT (Prohibition of Insider Trading) Regulations, Salputri was required to disclose the acquisition of shares within two working days to the firm.

In its order, Sebi said Salputri disclosed the said acquisition of shares to Falcon in June 2015 with a delay of more than three year and thereby violated PIT norms.

For the violation, the regulator imposed a fine of Rs 3 lakh on Salputri.

In a separate order, the regulator fined one 2 lakh for indulging in fraudulent trading in the shares of

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 22:30 IST
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