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SEBI fines Rs 10 lakh on Future Retail for disclosure lapses
The Daily Guardian
|April 25, 2025
Capital markets regulator Sebi on Thursday slapped a fine of Rs 10 lakh on Future Retail Ltd for making inadequate and delayed disclosure regarding the interim order passed by Singapore International Arbitration Centre (SIAC).
The order came after the Securities and Exchange Board of India (Sebi) examined the concerns raised by Amazon.com regarding the Scheme of Arrangement between Future Group and Mukesh Dhirubhai Ambani Group.
In its order, Sebi said Future Retail had disclosed the initiation of arbitration proceedings by Amazon before SIAC on November 1, 2020, only after intervention of stock exchanges.
The information should have been disclosed within 24 hours of the event -- on or before October 6, 2020 -- as required under the LODR (Listing Obligations and Disclosure Requirements) rules.
यह कहानी The Daily Guardian के April 25, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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