The entities had filed separate settlement applications in terms of the SEBI (Settlement Proceedings) Regulations, 2018 proposing to settle the pending enforcement proceedings without admitting to or denying the findings of fact and conclusions of law through a settlement order.
The order follows an investigation conducted in the scrip of IVL between January 2017 and November 2017. The individuals have violated provisions of the Prohibition of Insider Trading norms, Sebi noted.
The study showed that financials sector was the largest wealth creating sector between 2014 and 2019 led by private banks and NBFCs, and five of the top 10 biggest wealth creators were from the same space.
Promoters held 35.53 percent stake in the company, while foreign shareholding stood at 39.30 percent as of September 2019.
The company is yet to decide on a record date for the same.
Rupee successfully retested its multi-year breakout zone of 69 and is poised to retest its previous zone of Rs 74.5/$ and could even breach it
Shubh has ‘subscription-based’ monthly pricing options starting at Rs 1,000
The rating for long term debt program was downgraded to Care D from Care BBB+ due delays in debt servicing. It fell by over 15% to record its worst fall since October 2018.
Indiabulls Ventures reported a quarterly revenue from operations of Rs 1,379 crore, up 55 percent YoY
Smallcap stocks which turned multibaggers in 2018 were Electrosteel Steels, Excel Industries, Merck, IOL Chemicals & Pharmaceuticals and Nelco
The regulator had initiated adjudication proceedings against these promoter entities in January this year for alleged violations of provisions of SAST norms in the matter of Indiabulls Ventures.
Indiabulls Ventures would consider the preferential issue of equity shares to certain eligible non-resident investor(s).