Question
The SEBI has slapped a penalty of ____ on Gautam Thapar
of the Avantha Group, for alleged fund diversion at CG Power and Industrial Solutions.Solution
The Securities and Exchange Board of India ( SEBI) slapped a penalty of Rs 10 crore on Gautam Thapar of the Avantha Group, for alleged fund diversion at CG Power and Industrial Solutions. The regulator also imposed Rs 5 crore on Avantha Holdings and Rs 1 crore each on IndusInd Bank and Aditya Birla Finance, lenders involved in the transactions with the Avantha Group. A total penalty of Rs 30. 15 crore has been slapped in the matter against 11 entities.
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