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UTI AMC Stake
Posted November 19, 2021 at 10:23 pm by indianlawwatch

UTI AMC Stake

UTI AMC stake: SBI, LIC, BoB move SC against SAT order

SAT and SEBI in Sync over UTI AMC stake reduction

Three state-owned financial-sector entities — State Bank of India, Life Insurance Corporation of India and Bank of Baroda — on Friday moved the Supreme Court against the Securities Appellate Tribunal (SAT) order that partly upheld Sebi’s decision to penalise them for failing to reduce their stakes in UTI Asset Management Company (AMC). SAT, in its January 7 judgment, did not find any justifiable reason to impose any monetary penalty in the matter but substituted the monetary penalty of `10 lakh with that of a “warning”. For More Details Visit Here at: https://indianlawwatch.com/uti-amc-stake-sbi-lic-bob-move-sc-against-sat-order/

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