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Sebi levies Rs 1 crore fine on GV Films, officials in GDR manipulation case
Sebi, which conducted an investigation during March-April, 2007 to ascertain norms violation, found that GV Films issued 6.4 million GDRs for USD 40 million in April 2007 and all the GDRs were subscribed by only one entity, Whiteview Trading Corporation.
Sebi bans GV Films, 5 others from securities markets for GDR manipulation
Besides, the regulator has also barred Mahadevan Ganesh, A Venkatramani, R Gopalan, V Subramonian for two years, while P Raghuraman was banned for five years as per Sebi's order.
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