Sebi penalises BSE for its subsidiary buying stake in Indus Water without prior approval
The regulator found that BIL, a separate legal entity and a wholly-owned subsidiary of BSE Ltd, had acquired an 8 per cent stake in Indus Water Institute Ltd. The latter provides support to entrepreneurs in water and clean technologies.In its order, Sebi said that such activities are not related to the activities as carried out by the exchange
