SEBI has taken major action in the matter of affecting the share price of Ruchi Soya Industries Limited.
Ruchi Soya Share: SEBI has taken major action in the matter of affecting the share price of Ruchi Soya Industries Limited (Ruchi Soya). This case is 10 years old, in which a fine of Rs 25 lakh has been imposed on 9 companies by SEBI.
Fines imposed on these companies
In the order issued by SEBI on April 29, Aventis Biofeeds Pvt Ltd, Navinya Multitrade Pvt Ltd, Uni24 Techno Solutions Pvt Ltd, Sunmate Trade Pvt Ltd, Shreyans Credit and Capital Pvt Ltd, Betul Oils and Feeds Pvt Ltd, Betul Minerals and Construction Pvt. Ltd, Vision Millennium Exports Pvt Ltd and Mobius Credit and Capital Pvt Ltd have been fined Rs 25 lakh.
This order was given after investigation
According to SEBI, these companies who have received the notice will have to pay this fine ‘jointly separately’. SEBI has given this order after its investigation into the securities and futures trading of Ruchi Soya during the last half hour of trading between 3 PM to 3:30 PM on 27th September, 2012.
deals in 2019
Let us tell you that in 2019, Baba Ramdev had acquired Ruchi Soya under the bankruptcy process. A few days back, its FPO has also been launched by Ruchi Soya. Ruchi Soya’s FPO has received good response from investors.
