DIC India pays Rs 34.32L to settle disclosure norm violation case with Sebi

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DIC India pays Rs 34.32L to settle disclosure norm violation case with Sebi - Business Standard

Quick Summary:

DIC India, a manufacturer of printing inks and allied products, had filed suo motu settlement applications in terms of the Sebi's (Settlement Proceedings) regulations, the regulator said in an order on March 21.

DIC India has settled a case with capital markets regulator Sebi pertaining to alleged violation of disclosure lapses after paying Rs 34.32 lakh towards the settlement amount.

As per the settlement order, the markets watchdog will not initiate enforcement proceedings against DIC India for the violations.