SAT quashes Sebi penalty on Apollo Tyres in 2003 share buyback case

[Bilgin]

SAT quashes Sebi penalty on Apollo Tyres in 2003 share buyback case The Securities Appellate Tribunal Wednesday quashed the order passed by Sebi imposing a fine of ₹65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares in 2003 and directed the market regulator to refund the deposited penalty amount within four weeks