Sebi bans GMS Infrastructure, directors and promoters from securities market
The regulator in an order said that the entities raised Rs 13.44 lakh from 112 investors through the offer of redeemable preference of shares (RPS) during financial years from 2010 to 2013.
Sebi Friday banned Kolkata-based GMS Infrastructure, its seven former and present directors and five promoters for at least four years from securities markets for violating public issue norms, Image source: Reuters