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Sebi imposes ₹26 crore fine on Coffee Day Enterprises, orders payment within 45 days

Image Credit: HT Business

Sebi has imposed a fine of ₹26 crore on Coffee Day Enterprises Ltd (CDEL).
Sebi found that ₹3,535 crore was diverted from 7 subsidiaries of CDEL to an entity related to the promoters of CDEL.
Sebi has ordered that the fine must be paid within 45 days.

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