SEBI has levied Rs 1 lakh fine on Bharti Infratel, now known as Indus Towers, for flouting rules about employee stock option schemes. Bharti Infratel's name was changed to Indus Towers in December 2020, following the merger of Bharti Infratel and Indus Towers.
SEBI found that Bharti Infratel violated the provisions of the SBEB (Share Based Employee Benefits) by not appropriating the excess 5,32,862 shares of the company within the stipulated timeline of March 31, 2017.
Indus Towers is a telecom tower infrastructure service provider that deploys, owns and manages telecom towers and communication structures, for various mobile operators.
