SEBI fines Sumangal Industries, promoters Rs 1 crore for not returning illegally collected funds

The penalty has to be paid by the entities “jointly and severally”. According to a SEBI order, Sumangal had collected Rs 85 crore from investors through illegal collective investment schemes.


SEBI fines Sumangal Industries, promoters Rs 1 crore for not returning illegally collected funds
Source: BUSINESS TODAY LATEST NEWS