Sebi slaps Rs 77 lakh fine on 16 entities for manipulating Gayatri Sugars' share price
Sebi conducted an investigation in the matter of Gayatri Sugars Ltd (GSL), a BSE-listed company. It was to ascertain whether there was any violation of Sebi norms and PFUTP rules by certain entities for the period from April 10-23, 2018.
Accordingly, Sebi imposed a penalty of Rs 6 lakh on Zodiac Solutions, Rs 5 lakh each on Mehul Tulsidas Simaria, Mohan Project Contractors, Suudeep Luniya, Aakansha Rajendra Surana, Aayush Rajendra Surana, Anita Mahendra Surana, Beena R Surana. Photo: PTI