Sebi Disposes Of Disclosure Lapses Case Against Shilpa Shetty, Raj Kundra

Market regulator Sebi has disposed of adjudication proceedings against actor Shilpa Shetty Kundra and her businessman husband Raj Kundra in a case related to alleged disclosure lapses. It was alleged that the couple had violated the provisions of Sebi (Substantial Acquisition of Shares and Takeovers) Regulations) or SAST rules in the matter of Viaan Industries. ‘The change in the shareholding of the noticees (couple) did not require any disclosures to be made by them in terms of… SAST Regulations and the allegation levelled in the showcause notice (SCN) that noticees…

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