PRESS RELEASE - SEBI

 June 26, 2009 
PR No. 208/2009

Consent Order in the matter of M/s. Fusion Fittings (I) Limited

A Panel consisting of Whole Time Members, SEBI, Shri M.S. Sahoo and Dr. K.M. Abraham, has passed a consent order dated June 25, 2009 on the consent application submitted by M/s. Fusion Fittings (I) Limited, (hereinafter referred to as the applicant) for non-compliance with Regulation 6(2), 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers), Regulations, 1997 (hereinafter referred to as ´┐ŻTakeover Regulations´┐Ż) for the year 1997 and Regulation 8(3) of the Takeover Regulations for the years 1997 to 2007.

The applicant without admitting or denying guilt has remitted a sum of Rs.2,85,000/-(Rupees Two Lakh and Eighty Five Thousand only) towards settlement charges, in the matter. 



Mumbai

June 26, 2009

 


For full copy of order against FUSION FITTINGS (INDIA) LTD., click here.