Markets regulator Sebi on Wednesday imposed a total fine of Rs 50 lakh on three entities and two individuals and also restrained them from accessing securities markets for one year for indulging in fraudulent trading in the scrip of Asian Granito India Ltd.
The entities are Pasha Finance Pvt, Pat Financial Consultant Pvt Ltd and Hridaynath Consultancy Pvt Ltd, while the individuals facing the penalty are Minal Bharat Patel and Ruchit Bharat Patel.
Network 18 Media and Investments has settled a case with Sebi, pertaining to alleged failure to disclose Independent Media Trust (IMT) as a promoter in the draft papers for the rights issue, after paying Rs 1.56 crore towards settlement charges.
Network 18 Media and Investments or NW18 had approached Sebi to settle the matter through the settlement order.
Markets regulator Sebi on Wednesday imposed a penalty of Rs 30 lakh on two persons for circulating unpublished price sensitive information pertaining to quarterly results of Bajaj Auto through WhatsApp prior to official announcement by the company.
In an order, the regulator levied a fine of Rs 15 lakh each on Neeraj Kumar Agarwal and Shruti Vishal Vora.
Regulator Sebi has barred Paramount Printpackaging and its officials from the capital markets for five years for diverting the proceeds of initial share-sale and failing to make true and adequate disclosure in the IPO papers.
The officials that have been restrained are the company's chairman and managing director Divyesh Ashwin Sukhadia, whole time director Dharmesh Ashwin Sukhadia and former whole-time director Anuj Vipin Sukhadia.
S B Mainak has resigned as chairman of CARE Ratings, the company said in a stock exchange notification after the market regulator reportedly asked for his removal.
The Securities and Exchange Board of India (Sebi) nudged the rating agency after a forensic report said Mainak had asked his staff to not change the ratings of Infrastructure Leasing and Financial Services (IL&FS), the bankrupt shadow banker, the Economic Times reported on Thursday.
The Securities and Exchange Board of India (Sebi) has barred three people from the capital markets for seven years for creating sham identities and cornering shares in IPOs at the cost of genuine investors.
Besides, they have been asked to disgorge unlawful gain of about Rs 7 lakh, including interest. Babulal M Dugar, Manoj Kumar Dugar, and Vinod Kumar Dugar are the three persons facing ban.
Central Depository Services (India) Ltd on Monday said it has received approval from markets regulator Sebi for setting up its IFSC (International Financial Services Centre) branch at the GIFT City in Gujarat.
CDSL will be the first depository to launch its branch operations from the precincts of IFSC in the GIFT city.
Shares of PC Jeweller slumped 7.14 per cent to Rs 24.05 per share on the BSE on Wednesday after market regulator Securities and Exchange Board of India (Sebi) demanded a show-cause from those whom it identified to have benefitted, in the insider-trading case, from price-sensitive information pertaining to the company’s buyback announcement and its subsequent withdrawal. It also ordered impounding Rs 8 crore from the alleged insiders.
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