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Stock Manipulation: SEBI Imposes Rs93 Lakh Penalty on 8, Including CMD, Promoters, Directors and KMPs of Vikas Proppant and Granite

Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs93 lakh on eight, including promoters, chairperson and managing director (CMD) and directors, while directing three of them to disgorge Rs22.80 crore, the unlawful gains earned by manipulating the share price of Vikas Proppant and Granite Ltd (VPGL), with an interest of 12% pa (per annum). ....

Ekta Mittal , Praveen Bishnoi , Bajrang Dass Aggarwal , Vikas Proppant , Kamini Jindal , Kanta Devi , Bimla Devi Jindal , Exchange Board Of India , Granite Ltd , Praveen Bishnoi Company , Exchange Board , Devi Jindal , Company Secretary , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,