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Sebi rejects KOEL's bid over DFS disclosure

Mint Mumbai

|

January 18, 2025

The Securities and Exchange Board of India (Sebi) has opposed an appeal filed by Kirloskar Oil Engines Ltd (KOEL) in the Securities Appellate Tribunal (SAT) challenging the regulator's advisory to the company to disclose the Deed of Family Settlement (DFS).

- Neha Joshi

Sebi's advisory is an administrative order and an appeal against it is not maintainable, senior advocate Shiraz Rustomjee who appeared for the regulator said.

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