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Excel Realty N Infra s four audit committee members fined Rs 2 lakh each

Share Market Highlights: Sensex, Nifty close flat as caution over elevated valuations offsets IT uptick

Share Market Highlights: Sensex, Nifty close flat as caution over elevated valuations offsets IT uptick
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SEBI Imposes Rs1 75 Crore Penalty on Excel Realty N Infra, Directors & CFO, Bars Them from Market

Market regulator Securities and Exchange Board of India (SEBI) has banned Excel Realty N Infra Ltd (Excel) and four of its promoters from the markets for two years while imposing a fine of Rs1.75 crore on them for being involved in a fraudulent scheme of misrepresenting the company s financial statements.

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