SEBI orders Vedanta to pay Cairn UK Holdings INR 77.62 crore for delayed dividend payments from 2014-2017.

Indian markets regulator, SEBI, ordered Vedanta to pay Cairn UK Holdings INR 77.62 crore ($9.38m) for delaying dividend payments. Vedanta, which was formerly known as Cairn India, is required to make the payment within 45 days or face additional consequences. The regulator claimed Vedanta disregarded dividends that Cairn UK was entitled to between 2014 and 2017.

Articles

Firstpost

Times of India

Moneycontrol

The Economic Times

-- show less --

Further Reading

Related Stories