Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others
Sebi imposes ₹1 crore fine on Alchemist Infra Realty, 4 others for unregistered investment activities.
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. Updated: 23 Feb 2021, 01:41 PM IST PTI
In an order passed on Monday, the watchdog said the company and individuals were engaged in fund mobilising activity from the public
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New Delhi: Markets regulator Sebi has slapped a total fine of ₹1 crore on Alchemist Infra Realty Ltd and four individuals for illegally mobilising funds from the public through a collective investment scheme.
The individuals who have been fined are Brij Mohan Mahajan, Narayan Madhav Kumar, Balvir Singh and Chandra Sekhar Chauhan.