Sebi slaps ~6 lakh fine on Capital First

Sebi on Wednesday imposed a penalty of Rs 6 lakh on Capital First Ltd for not disclosing encumbrance on shares of Deccan Chronicle Holdings (DCHL). Capital First (earlier known as Future Capital Holdings) merged with IDFC Bank in 2018 and the merged entity is called IDFC First Bank.

Sebi found that Capital First did not make requisite disclosures about the encumbrances on shares of DCHL held by them to the stock exchanges and DCHL.