Order in the matter of GDR issue of Birla Cotsyn (India) Ltd

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Last updated: 30 September 2020
Quick Summary
This SEBI final order addresses alleged violations by Birla Cotsyn (India) Limited and its associates concerning their Global Depository Receipt (GDR) issue. The proceedings stem from a show cause notice issued in January 2018, alleging breaches of the SEBI Act and the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations. The order details the specific regulations allegedly violated by the company and other noticees.

Court :
SEBI

Brief :
Under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992.

Citation :
WTM/AB/IVD/ID4/9275/2020-21

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