SEBI levies penalty of Rs 10 crore on 3 promoters of Man Industries

Man Industries (India) Ltd. | Steel & Iron Products | Metals & Mining | BSE: 513269 | NSE: MANINDS

27 Dec 2018 Evaluate

The Securities and Exchange Board of India (SEBI) has levied a penalty of Rs 10 crore on three promoters of Man Industries for failing to make an open offer to the company's shareholders. The three promoters are JPA Holdings, Nikhil Mansukhani and Anita Mansukhani.

Man Industries (India) is engaged in manufacturing of LSAW Line Pipes, Hsaw Line Pipes and Aluminium Extruded Products. The main business line includes manufacturing & coating of Large Diameter Carbon steel pipes, Infrastructure, Realty & Trading.

Peers

Company Name	CMP
JSW Steel	1267.50
Tata Steel	182.85
Steel Authority	179.00
Jindal Stainless	755.20
APL Apollo Tubes	2153.00
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.