Sungold Capital fined â¹27L for violating disclosure norms
Market regulator SEBI has imposed a â¹27 lakh fine on Sungold Capital and its three executive directors for allegedly violating public holding and disclosure norms. The firm was fined â¹5 lakh and the directors were fined â¹10 lakh for providing "false and misleading information" to stock exchanges. Chairman Rajiv Kotia was penalised â¹12 lakh for failing to disclose family's shareholding.