The Securities and Exchange Board of India (SEBI) has slapped a fine of Rs 20 lakh on Ranklin Solutions for providing false information to the regulator with regard to transactions executed by its managing director.
SEBI had sent notice to the company in May 2013 and sought information regarding the transactions carried out by its managing director MJVVD Prakash.
Ranklin Solutions is a global provider of end-to-end IT services and solutions designed to help clients to improve competitiveness and efficiency.
