Sebi slaps Rs 2.38 crore penalty on 23 entities, individuals for fraudulent trading in SEIL shares
The fine has been levied in the range of Rs 5 lakh to Rs 8 lakh on 23 entities and individuals. An investigation was carried out by the regulator into the shares of SEIL during July to December 2017 period
PTI | February 2, 2021 | Updated 12:00 IST
Stock market regulator has slapped a total penalty of Rs 2.38 crore on 23 entities for indulging in fraudulent trading activities in the shares of Steel Exchange India Ltd (SEIL).
The fine has been levied in the range of Rs 5 lakh to Rs 8 lakh on 23 entities and individuals. An investigation was carried out by the regulator into the shares of SEIL during July to December 2017 period.