Sebi slaps Rs 1.6 crore penalty on 2 entities for fraud trading
Posted On : Tuesday, July 3, 2018, 9:00 AM
Markets regulator Sebi today slapped penalties totalling Rs 1.6 crore on two entities for indulging in fraudulent trading in shares of Kavveri Telecom Products Ltd (KTP). The Securities and Exchange Board of India (Sebi) in an order said it has levied a fine of Rs 90 lakh on Antala Real Broking & Impex Private Ltd and a penalty of Rs 70 lakh on Vishu Enterprises. The regulator had conducted a probe into trading of shares of Kavveri Telecom Products Ltd for the period from June to December 2010.