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ifl promoters matter: sebi slaps rs 16.8 million fine on promoter, 7 others

ifl promoters matter: sebi slaps rs 16.8 million fine on promoter, 7 others Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



ifl promoters matter: sebi slaps rs 16.8 million fine on promoter, 7 others

markets regulator sebi has slapped a fine of rs 1.68 crore on a promoter and seven others for "illegal" off-market transactions in the shares of ifl promoters. heena developers is the promoter while the seven others are bibhas bhubaneswar jha (huf), mahender singh, sham sunder gupta, shark communications, veena gupta, dmc international and ours trading and holdings.the securities and exchange board of india (sebi) had conducted an investigation into the alleged irregularities in the share trading of ifl promoters for the possible violation of the securities contracts (regulation) act (scra) during the period from january 4 to september 30, 2010. the regulator had observed that heena developers had transferred 4,58,190 shares ...