News From Press Sebi imposes fine of Rs 36 lakh on PGIM Asset Management and its CEO

Sebi imposes fine of Rs 36 lakh on PGIM Asset Management and its CEO

Source: Business Standard Jul 2, 2022

Capital markets regulator Sebi has imposed a penalty totalling Rs 36 lakh on five entities — including PGIM Asset Management Company and its chief executive officer Ajit Menon — for flouting mutual funds norms while executing Inter-Scheme Transfers (ISTs).

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