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 :-

“A fine of Rs 3 lakh has been imposed on actor #ShilpaShetty, her husband and businessman #RajKundra and his firm for flouting #SEBI‘s regulations on insider trading”

LIVE ADALAT is also tweet on this :

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

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