Sebi slaps Rs 10 cr fine on Sybly Industries for GDR manipulation
Markets regulator Sebi Friday slapped a fine of over Rs 10 crore on Sybly Industries Ltd in a matter related to manipulation in issuance of global depository receipts (GDR).
Sebi further said that the GDR issue would not have been subscribed if the Sybly had not given such security towards the loan taken by Vintage. Image source: Reuters