The Securities and Exchange Board of India (Sebi) has taken decisive action against Omaxe and five individuals for shareholding manipulation practices. Omaxe faces a three-month ban from the securities market, while the affiliated promoter group companies are prohibited from market access for one year. Additionally, Sebi has imposed a hefty fine of Rs 1.92 crore, underlining significant violations of public shareholding norms scrutinized by the regulator.
from Top Real Estate News | Latest Realty & Real Estate Industry Information and Updates: ET Realty : ETRealty.com https://ift.tt/B5QLUDI
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