Securities Appellate Tribunal Quashes SEBI’s Fine of Rs 25 Crore on Mukesh Ambani, Anil Ambani, and Others
The Securities Appellate Tribunal (SAT) has overturned the Securities and Exchange Board of India’s (SEBI) imposition of a hefty fine of Rs 25 crore on business tycoons Mukesh Ambani, Anil Ambani, and several other individuals. The tribunal’s verdict brings relief to the prominent business leaders who were embroiled in a legal battle with the regulatory…
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Sebi proposes mechanism for voluntary delisting of debt securities
The Securities and Exchange Board of India (SEBI) has put forth a proposal for a mechanism for the voluntary delisting of non-convertible debt securities. Currently, there is no specific provision for the delisting of such securities, and the proposed mechanism aims to address this issue. Under the proposed mechanism, an entity would not be permitted…