SEBI imposes â¹20 lakh fine on 4 firms for fraudulent trade
Markets regulator SEBI imposed a total penalty of over â¹20 lakh on four firms for indulging in fraudulent trades in illiquid stock options segment on the BSE. It levied a fine of â¹5 lakh each on Avinash Infra Projects, Bina Udyog, Balajee Structurals, and â¹5.5 lakh on Blackcherry Commosale. SEBI investigated the trading activities between April 2014 and September 2015.