The market regulator has directed Vedanta India, previously known as Cairn India Ltd, to compensate Cairn UK Holdings Limited (CUHL) with Rs 77.62 crore along with an 18 percent per annum simple interest for the delayed dividend payment.
Additionally, the Securities and Exchange Board of India (SEBI) has instructed the company’s Chairman and Managing Director (CMD) Navin Agarwal, Whole-Time Director Tarun Jain, Whole-Time Director and Chief Executive Officer (CEO) Thomas Albanese, and Whole-Time Director and Chief Financial Officer (CFO) GR Arun Kumar to refrain from accessing the securities market for a period of two months. Non-executive director Priya Agarwal and independent directors K Venkataramanan, Lalita D Gupte, Aman Mehta, Ravi Kant, and Edward T Story are also barred from accessing the market for one month.
