Pyramid Saimira Theatre

Markets regulator Sebi has levied a total fine of Rs 42 lakh on 19 entities for their role in fraudulent trading in the scrip of Pyramid Saimira Theatre

Markets regulator Sebi on Tuesday slapped a total fine of Rs 10 lakh on nine individuals for indulging in fraudulent trading in the scrip of Pyramid Saimira Theatre Ltd back in 2008.

The regulator has also directed two entities to disgorge unlawful gains of over Rs 21 lakh, made while dealing in the scrip of the firm

Earlier in March, the regulator had imposed a 14-year ban from the securities market on Kotecha as well as penalty worth over Rs 3.2 million