{"id":416343,"date":"2021-05-22T08:49:53","date_gmt":"2021-05-22T03:19:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=416343"},"modified":"2021-05-22T09:21:35","modified_gmt":"2021-05-22T03:51:35","slug":"vedanta-says-evaluating-sebi-order-imposing-fine-on-its-unit-cairn-india","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-says-evaluating-sebi-order-imposing-fine-on-its-unit-cairn-india\/","title":{"rendered":"Vedanta says evaluating Sebi order imposing fine on its unit, Cairn India"},"content":{"rendered":"<p>Vedanta Ltd on Friday said it is evaluating a SEBI order imposing a fine of Rs 5.25 crore on its erstwhile unit, Cairn India for allegedly making a misleading public announcement of buyback of shares on January 14, 2014.<\/p>\n<p>SEBI earlier this week also penalised P Elango, who was the then chief executive officer and director of Cairn, and two other directors, Aman Mehta and Neerja Sharma. <\/p>\n<p>They have been asked to pay Rs 15 lakh each. <\/p>\n<p>&#8220;The company has received an adjudication order dated May 19, 2021, from SEBI imposing a penalty&#8230; on erstwhile Cairn India Limited (which got merged with Vedanta Limited in 2017) and other noticees,&#8221; Vedanta said in a regulatory filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Ltd on Friday said it is evaluating a SEBI order imposing a fine of Rs 5.25 crore on its erstwhile unit, Cairn India for allegedly making a misleading public announcement of buyback of shares on January 14, 2014. SEBI earlier this week also penalised P Elango, who was the then chief executive officer and director of Cairn, and two other directors, Aman Mehta and Neerja Sharma. They have been asked to pay Rs 15 lakh each. &#8220;The company has received an adjudication order dated May 19, 2021, from SEBI imposing a penalty&#8230; on erstwhile Cairn India Limited (which got [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-416343","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=416343"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/416343\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=416343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=416343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=416343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}