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SpiceJet's Ajay Singh settles SEBI case

SpiceJet's Ajay Singh settles SEBI case

Monday, April 10, 2017, 7:02 PM

SpiceJet chief Ajay Singh has settled proceedings against him by regulator SEBI into alleged disclosure lapses in his purchase of shares in the airline. Singh, who is the Chairman and Managing Director of SpiceJet, has paid Rs 2.02 lakh towards settlement charges under the SEBI regulations that allows settling pending proceedings without admission or denial of any wrongdoing in certain cases.
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