Sebi slaps Rs 50 lakh fine on Farmax India MD for GDR manipulation
NEW DELHI: Markets regulator Sebi on Thursday imposed a fine of Rs 50 lakh on Farmax India Ltd Managing Director Srinivasa Reddy in a matter related to manipulation in issuance of global depository receipts (GDRs) by the firm. Sebi noted that Reddy was part of the fraudulent scheme and arrangement of Farmax India in executing […]