Sebi slaps Rs 1.57 crore fine on 13 entities in GHCL case

Market regulator Sebi has imposed penalties totalling Rs 1.570000000 on 13 entities for violating various regulations including those related to fraudulent trading as well as takeover norms in the GHCL Limited case However, the Securities and Exchange Board of India (Sebi) has disposed of the case against Anurag Dalmia as the vitiation against him could not be established.Besides, Sebi has imposed a total penalty of Rs 5600000 on eight entities -- Altar Investment, Antarctica Investment, Anurag Trading Leasing and Investment Company, Archana Trading and Investment Company, Comosum Investment, Dalmia Housing Finance , Ilac Investment and Lovely Investment -- for alleged violation of fraudulent trading and takeover norms.Also, the regulator slapped a fine of Rs 2500000 on Sanjay Dalmia, Rs 1000000 on Bhuwneshwar Mishra, Rs 900000 on Carissa Investment and Rs 700000 on Carissa Investment.Sebi had conducted investigation into the trading in the scrip of GHCL Limited for examining possible violations of Sebi Act, Prohibition of Fraudulent and Unfair Trade Practices and Substantial Acquisition of Shares and Takeovers Regulations way back in 2007.