Tag: HSBC
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“SEBI Labels L&T AMC Exoneration ‘Erroneous,’ Slaps Rs 5 Lakh Fine on HSBC AMC”
Sebi has fined HSBC Asset Management (India) Rs 5 lakh after finding that a 2023 order which cleared the fund house during an investigation was incorrect. The penalty is related to activities by L&T AMC, which was purchased by HSBC Group in May 2023 and later merged with HSBC AMC in October 2023. Sebi was…