Parsh­wanath set­tles case with SEBI

The Hindu Business Line - - MARKET WATCH - PTI

Ahmedabad-based realty firm Parsh­wanath Cor­po­ra­tion has set­tled a case, re­lated to al­leged vi­o­la­tion of cap­i­tal mar­ket norms, with reg­u­la­tor SEBI af­ter pay­ing ₹6 lakh. Ac­cord­ing to an or­der dated De­cem­ber 6, the realty firm had filed an ap­pli­ca­tion to set­tle the “pro­posed ad­ju­di­ca­tion pro­ceed­ings” for the al­leged vi­o­la­tion of the Se­cu­ri­ties Con­tracts (Reg­u­la­tion) Rules. In Oc­to­ber, the firm paid the set­tle­ment amount of ₹6 lakh, fol­low­ing which the Se­cu­ri­ties and Ex­change Board of In­dia. In a sep­a­rate mat­ter, Coflexip Stena Off­shore set­tled a case with SEBI af­ter pay­ing ₹2 lakh. The is­sue re­lated to al­leged dis­clo­sure lapses.

Mar­kets re­bound Tak­ing cues from overnight tech stocks’ rally in US, most Asian mar­kets re­bounded on Thurs­day. Bench­marks of In­dia and Ja­pan closed over 1 per cent BLOOMBERG

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