Capital markets regulator Sebi has imposed a penalty amounting Rs 25 lakh on nine entities for indulging in fraudulent trade practices in the scrip of Ruchi Soya Industries Limited nearly 10 years ago.
In its order on April 29, the Securities and Exchange Board of India (Sebi) imposed a total penalty of Rs 25 lakh on the noticees -- Aventis Biofeeds Pvt Ltd, Navinya Multitrade Pvt Ltd, Uni24 TechnoSolutions Pvt Ltd, Sunmate Trade Pvt Ltd, Shreyans Credit and Capital Pvt Ltd, Betul Oils and Feeds Pvt Ltd, Betul Minerals and Constructions Pvt Ltd, Vision Millenium Exports Pvt Ltd, and Moebius Credit and Capital Pvt Ltd -- which needs to be paid "jointly and severally".