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 The crisis at diversified IL&FS, whose board was superseded by the government, …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