Tag Archives: manipulation:

GDR manipulation: Sebi levies Rs 16 cr fine on Sanraa Media, its 6 officials

New Delhi: Regulator Sebi imposed a fine of over Rs 16 crore on Sanraa Media Ltd and its six officials in a matter related to manipulation of global depository receipts (GDRs). The order comes pursuant to an investigation conducted by Sebi in connection with several Indian companies that had issued GDRs in overseas market with the intention of defrauding Indian investors. Sebi found that ... Read More »