The Securities Appellate Tribunal (SAT) has quashed an order passed by the Securities and Exchange Board of India (SEBI) against Prabhat Dairy Ltd involving the sale of its key business Lactalis-owned Tirumala Milk Products Pvt. Ltd. SAT is a quasi-judicial body that takes up appeals pertaining to SEBI and insurance regulator ......
SAT tones down SEBI order against PE-backed dairy company
By Ankit Doshi
- 11 Nov 2020