Financial Daily from THE HINDU group of publications
Friday, Sep 27, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Home Page - NBFCs
Markets - Regulatory Bodies & Rulings


Pendse violated norms, says SEBI

Our Bureau

MUMBAI, Sept. 26

THE Securities and Exchange Board of India (SEBI) has said that Mr D.S. Pendse, former Managing Director of Tata Finance Ltd, and his associates have prima facie violated its regulations on insider trading.

This follows a SEBI investigation into the case, on a complaint lodged by Tata Finance alleging various irregularities and violations by Mr Pendse relating to disclosure in the Letter of Offer, dated March 20, 2000, for the rights issue of nine per cent cumulative convertible preferential shares of Tata Finance.

Mr Pendse's associates and their companies are: Mrs Anuradha Pendse, wife of Mr Pendse; Dr Anjali Beke, acquaintance and associate of Mr Pendse; Nalini Properties Pvt. Ltd, a company controlled by Mrs Pendse and the father of Mr Pendse; and Anjudi Properties and Investments Pvt. Ltd, a company controlled by Dr Beke and her husband Dr Beke.

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
Kishore wants `peaceful co-existence' with Mallya


Bandh affects corporate Mumbai
Finer details of SCI sell-off discussed
Disney's kids channel nixed
Pendse violated norms, says SEBI
ICICI Bank offloads 16.5 pc stake to FIIs in block deals — Raises Rs 1,318 cr at Rs 130 per share
How `floating' are SBI rates?


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line