Question

SEBI has imposed a penalty of _________on Shapoorji Pallonji and Company for flouting disclosure norms & not taking prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021.

A Rs.5 lakh
B Rs.7 lakh
C Rs.9 lakh
D Rs.11 lakh
E None of these
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