SEBI issues administrative warning to Vedanta for publishing details on 'unlisted ultimate holding' firm
Vedanta announced on Thursday, March 7, that it has received an administrative warning from capital markets regulator Securities and Exchange Board of India (SEBI) for "publishing information related to its unlisted ultimate holding company". In an exchange filing, Vedanta said it received a letter from NSE on March 6, 2024, issued by SEBI vide which an administrative warning has been issued to the metals-to-mining conglomerate.
The market regulator has directed the company to place the warning letter before its board and take necessary corrective steps to strengthen the internal control for corporate announcements/ press releases, Vedanta said in its exchange filing. Also Read: Vedanta Resources to deleverage debt by $3 billion over three years, plans to avoid rollover of loans According to the letter, the warning has been issued for violations of Sebi regulations in respect of "publishing information related to its unlisted ultimate holding company".
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