Sebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

Mumbai: The Securities and Exchange Board of India (Sebi) has enhanced the penalty against three rating agencies- ICRA,CARE and India Ratings and Research to Rs 1 crore each for their lapses in giving credit rating to non- convertible debentures of IL&FS. “I find that the lapses on the side of …

Read moreSebi enhances IL&FS case penalty on ICRA, CARE and IndRa to Rs 1 crore

IL&FS case: Sebi raises penalty to Rs 1 cr each on ICRA, CARE

New Delhi: Markets regulator Sebi on Tuesday enhanced the penalty amount to Rs 1 crore each on rating agencies ICRA and CARE in connection with lapses on their parts while assigning credit rating to non-convertible debentures of IL&FS. The crisis at diversified IL&FS, whose board was superseded by the government, …

Read moreIL&FS case: Sebi raises penalty to Rs 1 cr each on ICRA, CARE