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How a diplomat rigged GDR issues worth over $150 million, according to Sebi

Hiran Orgochem GDR Manipulation: SEBI Slaps Rs25 20 Crore Penalty on Arun Panchariya, Mukesh Chaurdiya

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty totaling Rs25.20 crore on two individuals, Arun Panchariya (AP) and Mukesh Chauradiya in a case related to the manipulation of global depository receipt (GDR) issuance of Hiran Orgochem Ltd.

SAT reduces Sebi s penalty on Zenith Birla to ₹25 lakh in GDR manipulation case

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