HFCL pays Rs 1.14 crore as settlement charge in GDR manipulation probe with SEBI

HFCL Ltd. | Telecom-Infrastructure | Telecom | BSE: 500183 | NSE: HFCL

02 Apr 2019 Evaluate

Himachal Futuristic Communications has settled a probe with Sebi in a matter related to alleged manipulation in the issuance of global depository receipts (GDR) after paying Rs 1.14 crore as settlement charge. The company has remitted settlement charges on March 27, 2019 after the approval of the panel of whole-time members of SEBI.

HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.

Peers

Company Name	CMP
HFCL	215.90
Bondada Engineering	276.10
Pace Digitek	162.25
GTL Infrastructure	1.09
STL Networks	49.39
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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