Former Axis cap exec settles insider trading case with sebi
Former Axis Capital executive director Ashish Anup Nigam and Nehal Milan Mehta have settled a case of insider trading with market regulator Sebi by paying ₹1.13 crore as settlement amount. They have also undertaken a voluntary six month ban from the securities market. Mehta has also been directed to disgorge ₹37.2 lakh of unlawful gains…
READ MOREBlackstone-backed trust files for India’s largest REIT IPO
India’s Knowledge Realty Trust has sought approval for an initial public offering of Rs 6,200 crore ($711 million), in what could be the nation’s largest real estate investment trust listing.The REIT, backed by Blackstone Inc. and Sattva Developers Pvt., has offices in key Indian cities including Bengaluru, Mumbai, Hyderabad and Chennai. The proceeds from the…
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