On 21 June 2022, SEBI imposed a monetary penalty on Tamarind Capital Pte Ltd under the provisions of section 15H(ii) of the SEBI Act for its violations of the provisions of Regulation 3(1) of the Substantial Acquisition of Shares and Takeovers Regulations.

• Tamarind Capital acting in concert with Jasmine Capital Investment acquired
  voting rights by a marginal extent of 0.14% in excess of the prescribed threshold of 25% as stipulated under the provisions of SEBI (Substantial Acquisition of
  Shares and Takeovers) Regulations in target company Indiabulls Ventures Limited (now known as Dhani Services Limited).