SEBI orders Vedanta to pay ₹77.6 crore to Cairn UK for delay in dividend payment

SEBI has also temporarily banned Vedanta’s Vice-Chairman Navin Agarwal and other directors on the company's board from accessing the securities market.

The Securities and Exchange Board of India (SEBI) on Tuesday ordered Vedanta Limited to pay ₹77.6 crore to Cairn UK Holdings Limited (CUHL) along with 18 per cent interest for delays in dividend payments due for the period between January 22, 2014 and June 20, 2017.

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