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Sebi imposes fine of Rs 17 crore on Cals Refineries, its officials and one entity

27 Dec 2021 Evaluate

Markets regulator Sebi has imposed fine totalling nearly Rs 17 crore on Cals Refineries, its officials and one entity in a matter relating to manipulation in the issuance of global depository receipts (GDRs). Cals Refineries had issued 78.8 lakh GDRs amounting to $200 million and the issue had closed on December 12, 2007.

Cals Refineries was initially engaged in the business of developing bilingual computer systems and later diversified into the refining / petrochemical business. 

Peers
Company Name CMP
ONGC 226.05
Oil India 446.75
Jindal Drilling&Inds 570.65
Deep Industries 754.60
Asian Energy Service 458.35
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