Mumbai, India, Dec. 12 -- National Securities Depository Limited (NSDL) has taken the Account Level Freeze action against Saipem Spa (PAN: AAOCS1408H) based on directions from the Securities and Exchange Board of India (SEBI). Notably, SEBI can direct NSDL to freeze accounts due to suspected illegal activity, non-disclosure of beneficial ownership, or other violations of securities market regulations.
Besides, here are the details related to the SEBI order:
* Reference of SEBI Directions: Intimation received from Stock Exchanges as per _R.17.1._SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155_Nagarjuna Fertilizers and Chemicals LimitedNSE email dt 26.9.25
* Order Date: Sept. 26, 2025
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