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ICICI Prudential paid ₹14.35 lakh to settle SEBI fund closure delay allegations.
ICICI Prudential Asset Management Company and related entities have paid ₹14.35 lakh to settle a regulatory violation case with SEBI.
The settlement resolves allegations of delays in winding up a venture capital fund, which was not fully liquidated until four years after its scheduled closure in 2023.
The companies filed the settlement without admitting or denying the allegations, and SEBI has confirmed all potential proceedings are now resolved.
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ICICI Prudential pagó ₹14.35 lakh para resolver las acusaciones de retraso en el cierre del fondo SEBI.