Securities and Exchange Board of India (SEBI) has imposed a fine of over Rs 10 crore on Sybly Industries in a matter related to manipulation in the issuance of global depository receipts (GDR).
The penalty follows a probe by the regulator regarding the firm's allotment of 1.51 million GDR amounting to $6.99 million on the Luxembourg Stock Exchange in June 2008.
Sybly Industries is engaged in the manufacturing of polyester yarn and mercerised cotton yarn.
| Company Name | CMP |
|---|---|
| Trident | 26.12 |
| Filatex India | 44.94 |
| Nitin Spinners | 419.70 |
| Nahar Spinning Mills | 249.20 |
| Sanathan Textiles | 427.00 |
| View more.. | |
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