SEBI issues settlement order to Utkarsh Small Finance Bank
The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender.
The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender.
The SEBI said this in an adjudication order where it imposed a penalty of Rs 2 lakh on Williamson Magor and Company Ltd (WMCL).
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs
The RBI said the rupee is among the least volatile currencies and is steadily appreciating. "The INR has been bolstered by a pick-up in foreign direct investment by 11.4 percent year-on-year in October-December 2023," it said.
Reacting to the development, the IREDA stock fell 3.2% to quote Rs 125.2 apiece on the NSE in the early morning trade.
BPCL holds 12.5 percent of the shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5 percent stake in city gas retailer, Indraprastha Gas Ltd (IGL). It is a promoter of both the listed companies and holds board positions.
Addressing the shareholders of the company, Parekh said that the mutual fund industry overall assets under management rose by 41 per cent year on year to close at Rs 31.4 lakh crore.
The firm had made two preferential allotments in January 2012 and June 2012 and transferred some of its preferential allotment proceeds to three entities.
The draft red herring prospectus (DRHP) does not disclose the share price and the percentage of stake to be diluted by any of the shareholders in the company.
The top court's judgment came on a plea by Franklin Templeton challenging Karnataka High Court order which restrained winding up of its six debt schemes without obtaining the consent of its investors by a simple majority.
