SEBI fines Shilpa Shetty, Raj Kundra Rs 3 lakh for insider trading
The fine has been imposed on Kundra, Shetty and their company for a delay of three-year in the mandatory disclosure to stock exchanges. Shilpa Shetty, Raj Kundra | File photo
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Updated: Jul 29, 2021, 08:16 AM IST
The Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs 3 lakh on Hungama 2 actor Shilpa Shetty Kundra, her businessman husband Raj Kundra alias Ripu Sudan Kundra and their company Viaan Industries for violation of its Insider Trading rules.
As per the SEBI order, the fine has been imposed on Kundra, Shetty and their company for a delay of three-year in the mandatory disclosure to stock exchanges. The market regulator said the penalty has to be paid jointly and severally by Kundra and Shetty, who are promoters of Viaan Industries. Securities and Exchange Board of India had conducted an investigation into the trading/dealings in the scrip
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Highlights
SEBI imposed a penalty of Rs 3 lakh on actor Shilpa Shetty, Raj Kundra and their company for violation of Insider Trading rules.
The fine has been imposed for a delay of three-year in the mandatory disclosure to stock exchanges.
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs 3 lakh on Hungama 2 actor Shilpa Shetty Kundra, her businessman husband Raj Kundra alias Ripu Sudan Kundra and their company Viaan Industries for violation of its Insider Trading rules.
As per the SEBI order, the fine has been imposed on Kundra, Shetty and their company for a delay of three-year in the mandatory disclosure to stock exchanges.
Raj Kundra was arrested on July 19 on charges related to alleged creation of pornographic films.
Mumbai:
The Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs 3 lakh on Hungama 2 actor Shilpa Shetty Kundra, her businessman husband Raj Kundra alias Ripu Sudan Kundra and their company Viaan Industries for violation of its Insider Trading rules.
As per the SEBI order, the fine has been imposed on Kundra, Shetty and their company for a delay of three-year in the mandatory disclosure to stock exchanges. The market regulator said the penalty has to be paid jointly and severally by Kundra and Shetty, who are promoters of Viaan Industries.
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday imposed a penalty of Rs300,000 (Dh14,835) on ‘Hungama 2’ actress Shilpa Shetty Kundra, her businessman husband Raj Kundra alias Ripu Sudan Kundra and their company Viaan Industries for violating its insider trading rules.
As per the SEBI order, Kundra, Shetty and their company were fined for a three-year delay in the disclosure of an allotment of preferential shares.
In 2015, Viaan Industries had made a preferential allotment of 500,000 equity shares. Of this 128,800 equity shares each were allotted to Kundra (referred to as Ripu Sudan Kundra) and Shetty, the promoters of the company.
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