PRESS RELEASE - SEBI

December 01, 2010
PR No. 258/2010

Consent Order on the application submitted by M/s. Vadilal Enterprises Limited

A panel consisting of Whole Time Members, SEBI, Dr. K. M Abraham and Shri Prashant Saran has passed a consent order dated November 29, 2010 on the application submitted by M/s. Vadilal Enterprises Limited for non compliance of Regulation 6(2) and 6(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the year 1997 and Regulation 8(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for the years 1996-97 to 2001-02. The applicant has remitted a sum of Rs.6,25,000/- (Rupees Six Lakh and twenty five thousand only) towards settlement charges, in the matter. 

 
Mumbai

December 01, 2010

 


For full copy of order against VADILAL ENTERPRISES LTD., click here.