Sebi imposes Rs 6 crore fine on DHFL promoters Kapil, Dheeraj and others; also slaps Utkarsh Small Finance Bank with fine
Sebi said the heavy fine on individuals was because they had violated takeover rules in the case of Deewan Housing Finance Corp Limited (DHFL). Sebi further said that they had the allegations of hiding promoter holdings through other companies of the group.
Instead of being part of the promotor and promotor group of DHFL, the three companies mentioned in the Sebi order were shown as the part of public shareholders. Photo: Reuters/Representational