"The pending adjudication proceedings initiated against the noticees (35 entities)... are disposed of," Sebi said in a settlement order last week, adding that it would not initiate any enforcement action for the alleged defaults.
The four promoters - Akshita Nikhil Gandhi, Ansh Bhavesh Gandhi, Priyanka Nikhil Gandhi and Anushka Bhavesh Gandhi - had failed to make adequate disclosures with regard to their acquisition of 1.98 lakh shares of Horizon Infrastructure Ltd (HIL) way back in January 2008.
This is the first big deal after the government opened up defence sector and both the companies have a shared vision for infrastructure growth, said Nikhil Gandh of Pipavav Defence.
It continues to be a steep learning curve for Everonn Education. After the company's managing director was arrested in bribery and tax evasion case, its largest shareholder also is under the taxman's scanner, reports CNBC-TV18’s Mitra Joshi and Kritika Saxena.
The World’s largest K-12 education company, Dubai-based Varkey group’s “Gems Education”, with over 50 years of experience in education, will join India’s education solutions provider, Everonn Education Limited as strategic investor.
A fund managed by JPMorgan Chase & Co has agreed to invest about USD 400 million in India's SKIL Infrastructure for a stake of just under 20%, two sources with direct knowledge of the development told Reuters.
A fund managed by JPMorgan Chase & Co has agreed to invest about USD 400 million in India's SKIL Infrastructure for a stake of just under 20%.
SKIL Infrastructure on Tuesday filed with regulators to raise up to Rs 11.25 billion (USD 251.8 million) in an initial public offering, a draft document showed.