Sebi penalises Coffee Day Enterprises, Coffee Day Trading for disclosure lapses
Under the SAST (Substantial Acquisition of Shares and Takeovers) rules, CDEL and CDTL were under an obligation to disclose pledged and unpledged transactions to the company and stock exchanges within two working days of the disposal (pledged) /acquisition (unpledged) of shares exceeding 2 per cent of total shareholding or voting rights in the company.