Omnivore Settles Sebi Case Over Fund Closure Delay

Imagine a special investment fund that had a deadline to close, but it took too long to sell everything.

The company managing the fund had to pay a fine of about 1.5 million rupees because they missed the deadline by eight months.

The money was paid to the government agency in charge of investments to settle the issue.

The fund was supposed to finish everything by a certain date, but it took longer, so the company had to resolve the problem.