<p>The Securities and Exchange Board of India (SEBI) on Friday imposed a penalty of 30 lakh rupees ($36,567.503) on metals-to-oil conglomerate Vedanta Ltd for violating the market regulator's disclosure requirements.</p>.<p>SEBI said Vedanta had broken its rules by publishing a press release on its website that made it appear it had partnered with Foxconn to make semiconductors in India, when the deal was with Vedanta's holding company.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/apples-market-value-breaches-3-trillion-mark-again-1232761.html" target="_blank">Apple's market value breaches $3 trillion mark again</a></strong></p>.<p>The publication led to Vedanta Ltd's share price moving significantly, SEBI said.</p>.<p>Vedanta did not immediately respond to a <em>Reuters </em>request for comment outside business hours. </p>
<p>The Securities and Exchange Board of India (SEBI) on Friday imposed a penalty of 30 lakh rupees ($36,567.503) on metals-to-oil conglomerate Vedanta Ltd for violating the market regulator's disclosure requirements.</p>.<p>SEBI said Vedanta had broken its rules by publishing a press release on its website that made it appear it had partnered with Foxconn to make semiconductors in India, when the deal was with Vedanta's holding company.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/business-news/apples-market-value-breaches-3-trillion-mark-again-1232761.html" target="_blank">Apple's market value breaches $3 trillion mark again</a></strong></p>.<p>The publication led to Vedanta Ltd's share price moving significantly, SEBI said.</p>.<p>Vedanta did not immediately respond to a <em>Reuters </em>request for comment outside business hours. </p>