SEBI imposes â¹1-crore penalty on IHI Developers India
Markets regulator SEBI has imposed a penalty of â¹1 crore on IHI Developers India and its four directors for illegally garnering money from the public through plans for sale and purchase of land.  The firm was raising funds through investment contracts without registering with the regulator, SEBI said. A complaint had alleged that the firm doesn't actually own any land.