Adjudication Order in respect of Dakshin Mercantile Private Limited in the matter of LKP Finance Limited

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Last updated: 01 October 2020
Quick Summary
This adjudication order concerns Dakshin Mercantile Private Limited (DMPL) and its acquisition of shares in LKP Finance Limited. SEBI investigated DMPL for potential violations of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The investigation focused on whether DMPL completed the share acquisition as per the Share Purchase Agreement and SEBI's timelines, specifically concerning Regulation 22(3).

Court :
SEBI

Brief :
UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995

Citation :
ADJUDICATION ORDER NO. Order/VV/NK/2020-21/9247

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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