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SEBI Issues Rs98 Lakh Recovery Notice to Midvalley Entertainment & its Directors

Securities and Exchange Board of India (SEBI) has sent a notice to eight entities and asked them to pay over Rs98 lakh in a case pertaining to mis-utilisation of the IPO proceeds in the matter of Midvalley Entertainment Ltd (MVEL).

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SEBI Imposes Rs2 3 Crore Penalty on 32 Entities for Diverting IPO Funds in 2011

Market regulator Securities and Exchange Board of India (SEBI) has imposed monetary penalties totalling to Rs 2.3 crore on 32 entities for indulging in misutilisation of the initial public offering (IPO) proceeds in the matter of Midvalley Entertainment Ltd.

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SEBI Imposes Rs 2 3 Crore Penalty on 32 Entities for Diverting IPO Funds in 2011

Market regulator Securities and Exchange Board of India (SEBI) has imposed monetary penalties totalling to Rs 2.3 crore on 32 entities for indulging in misutilisation of the initial public offering (IPO) proceeds in the matter of Midvalley Entertainment Ltd.

Malak chughVasan chidambaramKiara engima sdn bhdEversight tradecommAnuradhak chughDatuk ketheeswaranCeei tv entertainmentGlobal motion pictures ventures pte ltdEntertainment private limited at bangaloreEntertainment privateGlobal international ventures group ltdMidvalley entertainment ltdExchange board of indiaUnigold pacific ltdBeejay investments financial consultants pvt ltdGlobal securities ltd

SEBI imposes Rs 2 3 crore fine on 32 entities for diverting IPO funds

Penalty has been levied in the range of Rs 5 lakh to Rs 20 lakh on the entities, including MVEL (Midvalley Entertainment Ltd).

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