The Securities and Exchange Board of India (SEBI) has imposed a fine of over Rs 2.5 crore on Roselabs Finance for violating market norms by conducting fraudulent trading in the scrip of Gujarat Arth. The order comes after an investigation conducted by SEBI in the scrip of Gujarat Arth between October 2003 and January 2004.
Roselabs Finance is engaged in all kinds of financial activities and services including providing lease finance, investment activities, hire purchase and portfolio investment activities.
