Religare Finvest settles case with Sebi

Religare Finvest has settled with markets regulator Sebi a case of alleged violation of takeover as well as prohibition of insider trading norms in the matter of Deccan Chronicle Holdings back in 2012. The company has paid ~13.80 lakh as settlement charges. The case relates to alleged violation of Substantial Acquisition of Shares and Takeovers or takeover norms and Prohibition of Insider Trading Regulations.