Sebi fines Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure rules
In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021.
Additionally, the company had not updated certain information on its website as required under the Listing Obligations and Disclosure Requirements (LODR) Regulations. Image Courtesy: Reuters.