InvestorQ : What are the SEBI penalties on Cairn that the SAT has stayed?
Archita Jajjoo made post

What are the SEBI penalties on Cairn that the SAT has stayed?

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Niti Shenoi answered.
6 months ago
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SEBI had imposed penalties on Cairn India for misleading announcement about buyback of shares in 2014. SAT has, however, asked Cairn to deposit Rs.2.50 crore with SEBI within 3 weeks during the appeal pendency. SEBI has 3 weeks to respond.

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