HDFC Chairman pays ₹9.37L to settle non-compliance matter with SEBI

HDFC Chairman pays ₹9.37L to settle non-compliance matter with SEBI

HDFC Chairman Deepak Parekh has paid ₹9.37 lakh to settle with the Securities and Exchange Board of India (SEBI) a matter pertaining to non-compliance with an erstwhile listing agreement. Parekh was a member of the committee which approved a loan to a group company of Piramal Realty in 2014. At the same time, he was in Piramal Group’s advisory board.

News source : Free Press Journal

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