UPL, promoter Jaidev Shroff pay Rs 20.2 cr to settle case with Sebi

Q: How long will it take to read this news story?

The story "UPL, promoter Jaidev Shroff pay Rs 20.2 cr to settle case with Sebi" has 567 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "UPL, promoter Jaidev Shroff pay Rs 20.2 cr to settle case with Sebi" was covered 2 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 279 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23371057</li><li>URL: https://beamstart.com/news/upl-promoter-jaidev-shroff-pay-17305691142974</li></ul>

Business Standard Logo Business Standard 2w ago

UPL, promoter Jaidev Shroff pay Rs 20.2 cr to settle case with Sebi - Business Standard

Quick Summary:

"In terms of the settlement regulations, it is hereby ordered that the instant proceeding initiated against the applicants, vide show cause notice dated February 28, 2024, is disposed of," Sebi's Chief General Manager Anitha Anoop said in the order on October 30.

Agrochemical company UPL (formerly United Phosphorus Ltd) and its promoter and Chairperson Jaidev Rajnikant Shroff have settled a case related to an alleged violation of regulatory norms with capital markets regulator Sebi after paying Rs 20.2 crore towards settlement charges.

The settlement order came after the applicants -- UPL and Jaidev Rajnikant Shroff -- proposed to settle the instant proceeding through a settlement order "without admitting or denying the findings of fact and conclusions of law".