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| Exchange Disseminated Time 26/10/2015 15:54:41 | With reference to the earlier communication regarding SEBI Order dated September 10, 2015, IL&FS Engineering and Construction Company Ltd has now informed BSE that Securities Appellate Tribunal (SAT) granted stay order on October 26, 2015, in the matter of the order passed by Securities and Exchange Board of India (SEBI) dated September 10, 2015 directing the Company to disgorge an amount of Rs. 59,16,49,091/- (Rupees Fifty-nine Crore Sixteen Lakh Forty-nine Thousand and Ninety-one only) along with simple interest @ 12% p.a. from January 07, 2009 till the date of payment, in the matter of alleged Insider Trading activity during the period when the Company was under the Control of erstwhile Promoters.
The matter has been posted for next hearing on January 12, 2016. |
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