PRE-MARKET
The Securities and Exchange Board of India (Sebi) has concluded adjudication proceedings against Raghav Raj Kanoria, managing director of India Power Corporation. Kanoria has agreed to pay a settlement sum of Rs 24.7 lakh to settle allegations concerning misstatements in financial records for two fiscal years. He resolved the issue without admitting to any wrongdoing, leading to the conclusion ….
Sebi settles case against India Power Corp's Raghav Raj Kanoria for Rs 24.7 lakh
Impact Score
Market Sentiment
→NeutralPrimary Sectors
The Securities and Exchange Board of India (Sebi) has concluded adjudication proceedings against Raghav Raj Kanoria, managing director of India Power Corporation. Kanoria has agreed to pay a settlement sum of Rs 24.7 lakh to settle allegations concerning misstatements in financial records for two fiscal years. He resolved the issue without admitting to any wrongdoing, leading to the conclusion …
Key Highlights
The Securities and Exchange Board of India (Sebi) has concluded adjudication proceedings against Raghav Raj Kanoria, managing director of India Power Corporation.
Kanoria has agreed to pay a settlement sum of Rs 24.7 lakh to settle allegations concerning misstatements in financial records for two fiscal years.
He resolved the issue without admitting to any wrongdoing, leading to the conclusion ….
Source
Economic Times
Published
2h ago
Impact Score
85 / 100
Category
Capital Markets
Moderate near-term volatility expected while markets assess implications for Capital Markets.
What this means
No linked events found.