- Wednesday, April 24, 2024
By: Eastern Eye Staff
28 entities have been banned for at least four years from the securities market for raising illegal funds from the public, according to Sebi. The cases involves two different companies — Roofers Infra-Projects Ltd and Rahul Inn Hospitality Ltd — mopping up more than Rs 74 crore by way of issuing secured redeemable non-convertible debentures in violation of regulations. In separate orders, the watchdog has barred many entities apart from directing some of them to refund the money along with a specified interest to the investors. Sebi has barred Roofers Infra-Projects Ltd and 20 other entities, including individuals. Similar quantum of…
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