Sebi fines GHCL Rs 1.25 crore

The company did not disclose to investors encumbrance of around 48% of shares held by promoters

The Securities and Exchange Board of India (Sebi) fined GHCL Rs 1.25 crore for not disclosing to investors the encumbrance of around 48% of shares held by promoters and promoter group of GHCL.

The order was passed on Tuesday.