However, Sebi did not clarify further.
The company had filed draft papers with Sebi in September, seeking approval to raise Rs 2,000 crore through issue of equity shares to its existing shareholders on rights basis.
Proceeds raised through the proposed rights issue is to meet the funding requirements and to support future growth of consumer finance and assets reconstruction businesses carried out by the company, through its subsidiary firms.
Without disclosing the nature of violations, Sebi said it has kept the processing of rights issue "in abeyance pending regulatory action for past violations", according to the latest update as on November 10.