PRESS RELEASE - SEBI

 September 19, 2008
PR No. 177/2008

Consent Order in the matter of M/s. Lanxess ABS Limited

A Panel consisting of Dr. T. C. Nair, Whole Time Member, SEBI, and Shri M.S. Sahoo, Whole Time Member, SEBI, has passed a consent order dated September 17, 2008, on the consent application submitted by M/s. Lanxess ABS Limited for non compliance of Regulation 8(3) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 for the years 2000, 2001 and 2002, in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.2,00,000/- (Rupees Two Lakh only) towards the terms of consent in the matter.

Mumbai

September 19, 2008

 


For full copy of order against LANXESS ABS LTD., click here.