Pushpa Rani

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Rs. 2,00,00,000 penalty under Sec 15H(ii) jointly and severally per impugned order dated 25.02.2015
Impugned SEBI order dated 25.02.2015 imposed Rs 2,00,00,000 penalty jointly and severally for Reg 11(2) r/w 14(1) violation

SAT-appeal

Promoter group holding 66.15% acquired further 4.79% (3,45,000 shares) during July-Aug 2010 without public announcement, violating Reg 11(2) r/w 14(1) SAST 1997.
Rs. 2,00,00,000 penalty under Sec 15H(ii) jointly and severally per impugned order dated 25.02.2015
Appeal: Appeal Nos. 484 and 485 of 2015 heard on 05.10.2017, decided on 20.11.2017
Promoters holding 55-75% acquired 4.79% (3,45,000 shares) in Jul-Aug 2010 without public announcement after prior 5.38% creeping acquisition in Mar 2010, violating Reg 11(2) r/w 14(1).
Impugned SEBI order dated 25.02.2015 imposed Rs 2,00,00,000 penalty jointly and severally for Reg 11(2) r/w 14(1) violation
Appeal: Appeal Nos. 484 of 2015 and 485 of 2015 heard on 05.10.2017, decided on 20.11.2017

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Source: SecMarx — Pushpa Rani. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.