app-store-icon play-store-icon
SEBI fines Rana Sugars, its MD, 13 others for fraudulent practices

SEBI fines Rana Sugars, its MD, 13 others for fraudulent practices

This story was originally published at 22:13 IST on August 27, 2024  Back
Register to read our real-time news.


The Securities and Exchange Board of India has levied penalties totalling 630 mln rupees on Rana Sugars Ltd, its promoters, and others for diversion of funds, misstatement of financials, and fraudulent practices. In an order passed today, the market regulator also barred 14 entities, including the company's promoters, managing director, chairman, and others, from the securities market for two years.

To read our premium stories please subscribe.