APOLLO TYRES LTD. - Updates
| < Back | |
| 14 Jul 2014 | |
| Apollo Tyres Ltd has informed BSE that:<br/><br/>"The Securities and Exchange Board of India (SEBI) has passed an order dated July 09, 2014 levying a penalty of Rupees One Crore and Three Lakhs on the Company as it has found the Company to have violated Regulation 5A and Regulation <br/>19(7) of the SEBI Buy Back Regulations, 1998. Although the Company has not yet received the copy of the order passed by SEBI, the present disclosure is being made in view of the recent media reports on the subject and after accessing a copy of the order passed which has been uploaded on the website maintained by SEBI. <br/><br/>This decision of the SEBI relates to a negotiated buy back of shares undertaken by the Company from the office of the Custodian in 2003 pursuant to orders passed by the Special Court, Bombay (constituted under the The Special Court (Trial of Offences Relating to Transactions in Securities) Act, 1992). <br/><br/>The Company is examining the order passed and will take such steps as are available to it under law." | |
| View all announcements for APOLLO TYRES LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback