This came after the company proposed to settle the proceedings initiated against it, "without admitting or denying the findings" through a settlement order
Earlier, the regulator had given similar relaxations to listed companies till December 2022
In addition, Sebi has suggested reducing the timeline to 12 hours from the occurrence of event or information from 24 hours at present for making disclosure to the stock exchanges.
The company has been directed to pay the fine within 45 days, the Securities and Exchange Board of India (SEBI) said in an order
Securities and Exchange Board of India (Sebi) had decided to dispense with a requirement for calculating open offer price with respect to the disinvestment of PSUs
Subsequently, the regulator had initiated an investigation in the affairs of the company for the period covering four financial years from April 2017 to March 2021
