Supreme Court Rejects SEBI’s appeal in the PNB Housing Finance case

The Supreme Court while dismissing the plea of SEBI granted permission to the Securities and Exchange Board of India (SEBI) to challenge the order of the Securities Appellate Tribunal (SAT) in the case of PNB Housing Finance Ltd’s plan to raise Rs 4,000 crore in equity capital. PNB Housing Finance’s counsel told a bench of

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