SEBI fines Raj Kundra and Shilpa Shetty’s firm for insider trading
Few weeks ago Raj kundra got arrested by Mumbai police for creating unwanted and pron content on the sites, Meanwhile SEBI ( Securities Exchange Board Of India) Fines Raj kundra and Shilpa Shetty’s firm Vihaan industries for insider trading between the stocks in 2013 to 2015.
#SEBI #Rulesandregulations #Rajkundraarrested #Insidertrading #illigalbusiness #saidlist #like #share #comment #shilpashetty
India today tweet :-
LIVE ADALAT is also tweet on this :
JUST IN : #SEBI (Securities and Exchange Board of India) imposes a penalty of Rs 3 lakhs on actor #ShilpaShetty, her husband and businessman #RajKundra, and his company Viaan Industries for violation of its Insider Trading rules.— Live Adalat (@AdalatLive) July 28, 2021
In October 2015, the company had made a preferential allotment of 5 lakhs shares to four people of which more than 51% to kundra couple. It’s worth was around 2.6 crore. It simply led them in trouble because according to SEBI rules and regulations, if a company allotted more than 10 lakhs SEBI should be informed.
SEBI has fined their firm as rupees of 3 lakhs as it wasn’t informed and disclosed within two days neither by the company nor by the promoters.
Read some other news related Raj Kundra click here