IndiaNivesh subsidiary penalty reduced by 60%
pre-market1 source ↓written by the desknot a recommendation
- the penalty
- ₹1 cr
- ₹40.39 lakh
IndiaNivesh Shares and Securities received a significant relief as the Securities Appellate Tribunal (SAT) reduced the penalty from ₹1 cr to ₹40.39 lakh. This penalty was imposed by NSE for misusing client funds. However, uncertainty remains regarding the trading membership suspension, as SAT did not clarify its status in the recent order.
Not investment advice. For informational purposes only.