News From Press ICICI Prudential MF, MD & CEO Nimesh Shah settle IPO case with Sebi

ICICI Prudential MF, MD & CEO Nimesh Shah settle IPO case with Sebi

Source: Business Standard Nov 30, 2018

The adjudication proceedings conducted by the Securities and Exchange Board of India (Sebi) into ICICI Prudential MF’s alleged violations of Sebi’s code of conduct was settled on Thursday.

The regulator said it had accepted payment of Rs 8.9 million made by the fund house, and another Rs 680,000 by its Managing Director and Chief Executive Officer Nimesh Shah as part of the settlement terms.

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