Sebi has imposed a penalty of Rs 95 lakh on 19 individuals for indulging in manipulative trading in the shares of Global Infratech and Finance Limited.
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs95 lakh on 19 individuals involved in manipulative insider trading in securities of Global Infratech and Finance Limited.
The regulator conducted an investigation in the scrip of Global Infratech and Finance Ltd (GIFL) for the period December 2017 to February 2018 to ascertain any violations of PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) norms.