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The Securities and Exchange Board of India has penalized nine companies that were found indulging in fraudulent practices in the scrip of Ruchi Soya Industries Limited in 2012.
SEBI has imposed a total penalty of Rs 25 Lakh on 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. This is to be paid jointly and severally.
SEBI levied penalties on companies for manipulating Ruchi Soya stock prices
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