Sebi fines Vedanta Rs 30 lakh for breaching listing and disclosure norms

MUMBAI: The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 30,00,000 on Vedanta Ltd for violation of listing and disclosure norms. Vedanta has to make the payment within 45 days of receipts of this order, the regulator said.

Sebi fined the mining major for incorrect disclosures pertaining to its plan to enter into the semiconductor business.