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MTNL fined by Indian stock exchanges for not meeting board diversity requirements set by SEBI.
State-run telecom firm Mahanagar Telephone Nigam Ltd (MTNL) has been fined ₹6.73 lakh each by the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for failing to meet board composition requirements set by SEBI.
Issues include the lack of a woman director and non-compliance with committee formations.
MTNL, citing its reliance on the Department of Telecommunications for board appointments, has requested a waiver of these fines.
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MTNL fue multado por las bolsas de valores indias por no cumplir con los requisitos de diversidad del consejo establecidos por SEBI.