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KFin Technologies pays 87.7 lakh rupees to settle SEBI case over share processing failures.
Financial tech company KFin Technologies has paid 87.7 lakh rupees to settle a case with India's Securities and Exchange Board of India (SEBI).
The dispute arose after SEBI found KFin failed to properly process share dematerialization requests and did not mark folios for enhanced checks as required.
The settlement, filed in August 2024, ends the adjudication proceedings but allows SEBI to take action if KFin misrepresents or fails to comply with terms.
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KFin Technologies paga 87.7 lakh rupias para resolver el caso de SEBI sobre las fallas en el procesamiento de acciones.