Sebi fines Tata Steel Rs10 lakh for violating insider trading norms1 min read . Updated: 08 Dec 2017, 03:29 AM IST
Tata Steel increased its shareholding in Tinplate to 42.88% from 30.82% in 2009 and subsequently to 59.44% in 2011after a rights issue but didn't inform Sebi
Mumbai: Securities and Exchange Board of India (Sebi) on Thursday imposed a penalty of Rs10 lakh on Tata Steel Ltd for violating insider trading norms while acquiring additional shares of Tinplate Co. of India Ltd in 2009 and 2011.
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