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The Times of India
The Times of India
Business
PTI

Sebi imposes Rs 2.3 crore fine on 32 entities for diverting IPO funds

SEBI IPO Entertainment BSE New Delhi

NEW DELHI: Capital markets regulator Sebi on Tuesday imposed fines totalling to Rs 2.3 crore on 32 entities for indulging in misutilisation of the IPO proceeds in the matter of Midvalley Entertainment.

Penalty has been levied in the range of Rs 5 lakh to Rs 20 lakh on the entities, including MVEL (Midvalley Entertainment Ltd).

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