SEBI IMPOSES Rs 5 LAKH PENALTY ON PANTALOON

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 5 lakhs on retail major Pantaloon for failing to address investor grievances within the stipulated time frame. SEBI had earlier identified the Kishore Biyani-promoted firm as one of the companies against whom a large number of investor grievances were pending for more than six months as on June 30 last year.