Sebi bars Vinayak Homes, directors from raising funds
The move comes after regulator received multiple complaints that fund mobilising activity was carried out by Vinayak Homes in the name of real estate business.
In an order dated December 24, Sebi said Vinayak Homes "prima-facie" mobilised an amount of over Rs 11 crore from year 2012 to 2015 through schemes involving plots of land. PTI